Premium Assessment Rate Increased to 9.8%

The premium assessment rate levied against insurers, self-insured employers and self-insured employer groups will increase to 9.8% from 9% in 2022, the Oregon Department of Consumer and Business Services announced. “Based on economic forecasts, department analysts recommended a premium assessment rate of 9.8%,” the agency said in a statement. “The proposed increase from 9% to 9.8% will allow the department to maintain current service levels throughout 2022.” The assessment funds the operations of the Workers’ Compensation Division, Workers’ Compensation Bo...