Workers' Comp Rates Going Down 9.5 Percent

Summary


West Virginia Insurance Commissioner Jane Cline today announced a decrease of about 9.5 percent in workers' compensation rates for the majority of West Virginia employers.

Cline said the Offices of the Insurance Commissioner have approved an overall 10 percent decrease in loss costs - the portion of the workers' compensation rate for prospective indemnity and medical benefits. Richard Cundy, an actuary in Cline's office, said the bottom line is, overall premiums will go down about 9.5 percent.

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Workers' Comp Rates Going Down 9.5 Percent

Cundy said some employers wi...

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