L&I announces 0.8% increase to average workers' comp base rate in 2015
November 25, 2014
Predictable rates with adequate reserves
L&I announced on November 25, 2014, a 0.8% increase to the average base rate for workers' compensation premiums across 324 risk classifications for 2015.
The proposed adjustment will:
Ensure steady and predictable rates.
Benchmark against wage inflation (this happens automatically in other states).
Slowly rebuild reserves to protect against unexpected changes.
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