loss costs News

Kentucky regulators have approved the sixth straight reduction in workers’ compensation loss cost rates. Kentucky Insurance Commissioner Sharon Clark has approved a statewide average 7.5 percent decrease in loss costs rates. The new rates mean that the state’s loss cost …

West Virginia employers would continue to benefit from lower workers’ compensation rates if the state agrees with an industry filing that loss costs be cut by 8.1 percent. Since the state privatized its workers’ compensation system in 2006, after operating …