Officials predict 2.7 percent cut in La. worker's comp rates
BATON ROUGE, La. (AP) — State officials say workers' compensation insurance rates in Louisiana are likely to drop next year by 2.7 percent.
The Department of Insurance and the Louisiana Workforce Commission say the cut was recommended by the National Council on Compensation Insurance. It is expected to take effect May 1 — pending final approval from Department of Insurance officials.
Officials attribute the decrease to a competitive market, the implementation of guidelines to improve treatment and to the fact that workplaces are reporting fewer and less severe injuries.
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Posted on Tue, November 3, 2015
by Associated Press