The Minnesota Workers' Compensation Insurers Association announced that the updated average pure premium rates will reflect a 2% decrease in 2014.The association announced that the 2014 average pure premium rate will be 2% lower than the 2013 rates, marking the ninth decrease during the past 10 years. The group said that the average rate has decreased by an average annual change of 1.6% since 2005. The 2014 rate decrease was prompted by a 3.3% decrease due to improved experience, and a 1.3% increase due to benefit adjustments in Senate File 1234, which was approved by lawmakers during the ...
Comments