The National Council on Compensation Insurance is recommending a 10.9% rate decrease effective Jan. 1 because of improved experience in policy year 2015 by Illinois insurers and declining lost-time claim frequency.
NCCI recommended a 7.5% decrease for the assigned risk market.
A labor advocate and a claimants’ attorney say the filing is proof that reforms enacted in 2011 are working and that Republican Gov. Bruce Rauner’s demands for deeper workers’ compensation benefit reductions are unjustified.
A business leader says the decrease is the result of three negative things h...
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