A bill that would allow Massachusetts workers’ compensation insurers to file rates based on loss costs is scheduled for a May 2 hearing by the legislature’s Joint Committee on Labor and Workforce Development.
Massachusetts’ administrative pricing system does not allow carriers to compete on price. House Bill 1031, by Rep. Paul McMurtry, D-Dedham, would allow carriers to set rates by filing loss cost multipliers with the Insurance Division. The state insurance commissioner would have authority to reject the proposed rates if they are not uniform within the classification ...
Comments