Report: Pure Premium Decreased by 29% from 1997 to 2011

Minnesota's pure premium rates have decreased by 29% from 1997 to 2011, according to a news report from the Minnesota Department of Labor and Industry. The agency issued its Annual Workers' Compensation System Report on Thursday, which is available here. The report contains a number of statistics comparing 2011 to prior fiscal years. The agency creates the report to describe the current status and direction of workers' compensation in Minnesota and to offer explanations.One of the report's "major findings" states that the number of total paid claims dropped from 8.7 paid claims...