Insurance Dept. Says Rates to Increase 0.2% for 2016

Idaho's Department of Insurance announced that workers' compensation premium rates will increase 0.2% for 2016 following two consecutive years of decreases. The department said in a statement it received a proposal from the National Council on Compensation Insurance on Wednesday recommending the increase. Mike Taylor, NCCI state relations executive for Idaho, said in a statement that the filing shows the stability of the state's workers' compensation system. "Frequency of lost-time claims has remained consistent, and the average indemnity costs of those claims have decl...