Thursday, April 23, 2009

Louisiana Workers Compensation Rates Continue To Fall

In recent Louisiana workers compensation news the Louisiana Commissioner of Insurance has announced the approval of a NCCI recommended reduction of 17.4% reduction in loss cost filings. This news comes on top of a reduction of 8.6% in 2008 and a reduction of 15.8% in 2007. Great news for Louisiana employers!

The Insurance Commissioner attributes these significant reductions in rates to the much improved work safety environment now found in Louisiana. So here's congratulations to Louisiana. Oh yea, that 17.4% reduction was the largest approved by any of 35 states reviewed by NCCI.

Thanks!

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