Metro Articles

News Flash: Huge Work Comp Rate Increases

Nathan Smith Tuesday, April 10, 2012

The WCIRB just released news that it will soon file for an almost 10% increase in rates over and above the 37% increase than Insurance Commissioner Dave Jones approved earlier this year. The "industry benchmark rates" published by the WCIRB do not necessarily mean your carrier will be increasing your renewal premium, but it is important to note that the pressure is on... Skyrocketing accident costs and increased operating expenses will be forcing many in the work comp industry to evaluate their rates more closely. If you have any questions or concerns, don't hesitate to call us for solutions...

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News Flash: Huge Work Comp Rate Increases