The Idaho Department of Insurance has proved a 4.2 percent drop in workers’ compensation insurance rates effective Jan. 1, 2019.
The proposed rate change comes from the National Council on Compensation Insurance, and is a function of declining claim costs, according to the department.
“The change in the 2019 workers’ compensation rates reflects an improvement in our state rating factors, including a slight decline in both the frequency of claims for lost work time, and the average cost of those claims,” Department Director Dean Cameron said in a statement.
Was this article valuable?
Here are more articles you may enjoy.
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
