The pure premium advisory rate will drop by an average of 9.3% in Michigan next year, the state Department of Licensing and Regulatory Affairs announced.
The rate has decreased 39% since 2011 reforms and have saved employers nearly $400 million, the agency says.
Gov. Rick Snyder signed sweeping legislation five years ago that reformed the state's workers' compensation system. The changes defined disability and post-injury earning capacity, and stabilized Michigan’s 100-year-old system, the agency says.
Michigan ranks 45th in the nation in workers’ compensation benefits p...
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