Voluntary Loss Costs Dropping by 4.1%

Vermont Gov. Jim Douglas announced Monday that the state has approved a 4.1% drop in loss costs in the voluntary market and a 2.9% decrease in rates in the assigned risk market effective April 1.The changes mark the fourth straight year of reductions. The Department of Banking, Insurance, Securities and Health Care Administration (BISHCA) approved decreases of 13% in voluntary loss costs and a decrease of 9.6% in assigned-risk rates effective April 1, 2009."Four consecutive years of decreased rates would not be possible without employers’ continued attention to the issue of workplace saf...