The Ohio Bureau of Workers' Compensation on Thursday approved an 8.6% reduction in overall average rates for private employers effective July 1, reducing projected premiums by $113 million in the next year.
"As a result of the board's actions, Ohio private employers will be paying $463 million less annually than they were at the beginning of 2011, representing a combined 28.2% decrease, BWC Administrator/Chief Executive Officer Steve Buehrer said in a press release. "The reduction announced today will add to the $4.3 billion in rate cuts, rebates and credits Ohio's emplo...
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