Arkansas Insurance Commissioner Allen Kerr has announced decreases in workers’ compensation rates for the state’s voluntary loss-cost and assigned-risk markets, according to a release from the Arkansas Insurance Department.
Effective July 1, overall loss costs in the voluntary market will fall by 2.1%. The overall rate decrease in the assigned-risk market will be 3%.
According to the release, costs in the voluntary market are about 54% lower than in 1996. AID said that Arkansas has had fewer workplace accidents and less severe accidents since the passage of comprehensive workers&...
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