Assessment Rates Remain Steady, Except for Research Group

A year ago, the Texas Department of Insurance announced higher rates for maintenance taxes on insurers. The money goes to fund the government agency that oversees all workers’ compensation in the state, and officials said more was needed because legislative reform efforts had led to lower premiums for employers, and thus, less revenue for the agency. On Thursday, the department announced that although the higher assessment rates had led to something of a windfall for the Division of Workers’ Compensation this year, four of five assessment rates would remain the same for 2019...