Rates Going Down for Michigan Retailers

Retailers Fund, the workers' compensation insurance program of the Michigan Retailers Association (MRA), announced it will cut overall rates by 3.51 percent for 2002. The Retailers Fund Board of Trustees approved the decrease based on the fund's excellent claims record. The decision marks the fifth time in nine years that Retailers Fund has reduced rates. 'In contrast to the national trend of rising workers' compensation rates, Retailers Fund is able to reduce costs for participants,' said Fund Administrator James P. Hallan, MRA's president and chief operating officer. 'That's a testament ...