Pure Premiums Will Drop 9.3% Effective Jan. 1

The state has approved a 9.3% decrease to pure premiums for 2018, bringing to 45% the cumulative decrease in workers’ compensation costs since 2011, the state Workers’ Compensation Agency says. Since 2011, employers have saved an estimated $446 million in premiums, says the agency, part of the Department of Licensing and Regulatory Affairs. “These tremendous economic savings experienced by employers allow them to hire more workers, increase salaries, open new facilities and move to Michigan,” WCA Director Mark Long said in a press release. “Our sustaine...