AUGUSTA — Maine insurance regulators say they’ve approved a 3.2 percent decrease in workers’ compensation rates, which will result in $6 million in lower premiums for businesses.
The Bureau of Insurance says the lower rates as requested by an industry rating organization, the National Council on Compensation Insurance, apply for the 2012 premium year.
Insurance Superintendent Eric Cioppa says the 3.2 percent average rate decrease can be attributed in part to a continuing focus on safety by Maine employers.
Cioppa says the approved decrease should reduce premiums in the insured market by about $6.1 million per year. While some businesses will experience an increase, most employers will see a decrease.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.