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Department Approves 5.6% Rate Decrease

Thursday, December 6, 2018 | 248 | 0 | 152 min read

Louisiana employers should see another drop in their workers' compensation insurance costs, beginning May 1, 2019.

Ava Dejoie

Ava Dejoie

The Louisiana Department of Insurance this week approved a filing from the National Council on Compensation Insurance to reduce average rates in the state by 5.6% the department announced

“Lower premium payments for businesses are a win for every Louisiana resident,” said Louisiana Workforce Commission Secretary Ava Dejoie. 

The department said a statewide emphasis on workplace safety has helped reduce the number of claims filed in recent years, which has reduced experience factors for many employers. A recent Bureau of Labor and Statistics report showed that Louisiana has the lowest non-fatal work-related injury rate in the country, second only to Washington, D.C., Dejoie said.

Over the past 20 years, workers' compensation rates in Louisiana have dropped a total of 51%, Insurance Commissioner Jim Donelon said in an email. But most other states' rates have also dropped.

A national premium comparison by the Oregon Department of Consumer and Business Services shows that Louisiana has ranked 10th-highest in the country in 2014, 2016 and 2018.

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