Assigned-Risk Premium Rates to Decrease 7.1% in April

The assigned-risk workers’ compensation premium level will decrease by 7.1% in Minnesota, effective April 1, the Minnesota Workers’ Compensation Insurers Association informed its members on Wednesday. The MWCIA summarized the changes to the assigned-risk rate level that had been outlined in an order issued by Deputy Commerce Commissioner Anne O’Connor last week. As of April 1, companies that buy their workers’ compensation insurance from the Minnesota Workers’ Compensation Assigned Risk Plan will: Have their industry’s pure premium base rate mu...