Insurance Department Announces 12.6% Rate Cut

The Idaho Department of Insurance on Monday announced that it accepted the National Council on Compensation Insurance's rate filing for an average 12.6% reduction in workers’ compensation rates. The decrease takes effect Jan. 1 and marks the seventh consecutive reduction in rates, the department said. “The department is pleased to announce another significant decrease to workers’ compensation rates,” DOI Director Dean L. Cameron said in a statement. “Rates have been on a downward trend for nine out of the past 10 years; seven of those years consecutively...