"Savings for workers' compensation insurers continue and all of those savings ought to be shared with employers," Commissioner Jones said in a press release. (Photo: Shutterstock)Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $1.63 per $100 of payroll for workers' compensation insurance, effective Jan. 1, 2019. Commissioner Jones has reduced the advisory pure premium rate by about 42% since January 2015.
The indicated advisory pure premium rate level of $1.63 approved by the Commissioner is about 23.5% lower than the industry filed average advisory pure premium rate of $2.13 as of July 1, 2018.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at djacob@alm.com.
