The Idaho Department of Insurance has approved a proposal for a 6.2 percent overall rate decrease to Idaho workers’ compensation insurance effective Jan. 1, 2020.
The proposed rate change was recommended by the National Council on Compensation Insurance.
“The decrease in the 2020 workers’ compensation rates reflects continued improvement in our state rating factors, including a slight decline in both the frequency of claims, 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.
Study Suggests Federal Action to Realize Insurance Savings 
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices 
Most Are Overcharged for Property Insurance, Vanderbilt Study Says 
