BWC Recommends 13% Rate Decrease for Private Sector

By summer, Ohio's private-sector employers could be in line for another drop in workers' compensation premiums, after regulators recommended a 13% average rate decrease. If approved by the Bureau of Workers' Compensation's Board of Directors at a Feb. 28 meeting, the reduction would take effect July 1, the BWC said in a bulletin Thursday. It would be the 11th rate decrease since 2008 and the third-largest in 60 years, the bureau said, and is expected to save businesses about $132 million in comp costs. Last year, the board approved the largest decrease, a 20% cu...