Insurance Commissioner Rejects Recommended Rate Increase

Massachusetts Insurance Commissioner Michael Caljouw rejected a recommendation to increase rates by an average of 7.1%, effective July 1. The governor’s office issued a statement Thursday, saying rejecting the recommendation that the Workers’ Compensation Rating and Inspection Bureau of Massachusetts submitted in November builds on the administration’s efforts to reduce comp costs. Gov. Maura Healey’s office said that in rejecting the recommended rate increase, the state will save employers an estimated $80 million in premiums. Last year, the insurance commissioner ap...