It’s Official - Work Comp rates to decrease 8.7 percent January 1st

August 31, 2017

Iowa Insurance Commissioner Doug Ommen recently approved a rate filing by the National Council on Compensation Insurance that will decrease workers’ compensation premiums by an average of 8.7% starting next year. ABI first announced the proposal in the August 17th newsletter, you can read more here. The filing occurred on August 9th by NCCI and the commissioner approved of the measure Wednesday. This new decrease is in addition to a 3.9% decrease which took place on July 1st due to ABI supported legislation that was signed into law earlier this year. You can read the order here.