Premium Assessment Increasing 7.14%

The Oregon Workers’ Compensation Division announced that the annual premium assessment rate for insurers, self-insured employers and self-insured employer groups will increase 7.14% in 2021. The division announced that the assessment rate to be levied against insurers for calendar year 2021 will increase to 9% of direct earned premium and the direct earned premium that self-insured employers and self-insured groups would have paid had they been insured employers. For 2020, the premium assessment was 8.4%. The Department of Consumer and Business Services said in September that the...