Massachusetts employers will see a 1.5% increase in Workers' Compensation premiums instead of the 6.4% originally requested by the Workers' Comp bureau. (Photo: iStock)

Here’s some welcome news for Massachusetts employers.

On April 20, the state’s Division of Insurance announced that Workers’ Compensation rates will rise only an average 1.5% beginning July 1. The minimal increase is thanks to a settlement between the Division of Insurance’s State Rating Bureau, the Workers’ Compensation Rating and Inspection Bureau (WCRIB), and the Office of the Attorney General.

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