The Alaska Division of Insurance announced that workers’ compensation voluntary loss costs will decrease by an average of 14.9% next year and assigned risk rates will decrease by an average of 9.6%.
The division said the reductions are part of a positive downward trend when it comes to the cost of workers’ compensation coverage in Alaska.
“This year’s lower rates follow 2020 rates that represented a 13.4% reduction from the previous year,” the division said in a statement. “Since 2015, rates have been reduced by approximately 46%, which can be attribut...
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