L&I Starts Work on 2018 Premiums

The Washington state Department of Labor and Industries published a preproposal statement of inquiry initiating the start of rule-making activity to set 2018 workers’ compensation premium rates. The department said it is required by law to set rates that are the lowest necessary to maintain actuarial solvency and limit year-to-year fluctuations in premiums. “Premium rates for each classification are developed in part from the past loss experience of employers subject to the classification, changes in benefit levels mandated by law or court decisions, medical inflation, economic a...