Gov. Earl Ray Tomblin says employers in the state will see an estimated $43 million reduction in workers’ compensation premiums in the coming year.
Tomblin says employers have saved more than $323 million since the program was privatized in 2006.
According to the governor, the National Council on Compensation Insurance recently filed a proposed 12.1 percent reduction in workers’ compensation loss cost rates with the Offices of the West Virginia Insurance Commissioner. It’s the 11th reduction in 11 years.
Was this article valuable?
Here are more articles you may enjoy.