Governor Quinn Announces Historic Workers’ Compensation Rate Reductions
Targeted News Service |
Governor
Today's announcement is part of
"We've been getting the job done on workers' compensation reform and now that reform is generating hundreds of millions of dollars in dividends for
The
"We're pleased that the
Upon taking office in 2009,
A steady and significant decline in the advisory rate for workers compensation insurance in
"
With the implementation of the proposed rate reduction, the advisory rate level will have dropped 18.1 percent below the advisory rate level prior to the 2011 workers' compensation reform legislation. This will be the fourth rate reduction in five years since the reforms were enacted. Individual companies may experience rate changes at different levels.
If DOI accepts the filing, to be effective
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