Ind. Department of Insurance Approves Decrease in Workers’ Compensation Rates
Press release by the Indiana Department of Insurance
(Indianapolis, Ind.) – On October 13, 2017, Indiana Department of Insurance Commissioner Stephen W. Robertson approved an average 12.8 percent reduction for Workers’ Compensation rates to be effective January 1, 2018. The approved rate decrease will result in savings of approximately $102 million dollars for Indiana businesses.
“The significant savings will help support Indiana businesses and encourage continued job growth for Hoosiers,” said Indiana Department of Insurance Commissioner Stephen W. Robertson.
Workers’ Compensation rates in Indiana have been on a downward trend for the last five years. This decrease in rates can be attributed to a…