North Carolina Insurance Commissioner Jim Long announced the approval of the workers' compensation rate filing from the North Carolina Rate Bureau, the organization that represents the state's workers compensation insurance companies.The filing requested a 4.4 percent decrease in the voluntary market and a 3.8 percent decreased in the assigned risk markets. The rate decreases will go into effect on April 1, 2009.
The decreases will save businesses approximately $65.5 million. The average rate for workers' comp in the voluntary market is now estimated to be 2.17 percent of payroll.
.jpg)
No comments:
Post a Comment