N.J. Most Expensive State for Comp; Wyoming Jumps to Top 10 in Latest DCBS Study

New Jersey maintained its spot as the most expensive state for purchasing workers’ compensation coverage in the latest biennial rate ranking by the Oregon Department of Consumer and Business Services. And while the top half of the list remains populated by usual suspects including California, New York and Hawaii, Wyoming came barreling into the top 10 following a more than 29% increase in average costs in 2022. Average premiums of $2.44 per $100 of payroll in New Jersey were 192% of the study median — $1.27 per $100 of payroll set in Pennsylvania. New Jersey topped the last study...