MSF Proposes 5% Rate Cut

Montana’s state-chartered workers’ compensation insurer proposed reducing rates by an average of 5% in July. The Montana State Fund on Tuesday said that if approved, this will be the 17th consecutive year that workers’ comp insurance rates were lowered or stayed steady. Today’s rates are 56.4% lower than they were back in 2006, the carrier added. The state fund’s board of directors stated that the proposed reduction can be attributed to numerous factors, including fewer workplace accidents and quicker return-to-work instances for injured workers. Montana has hi...