Workers Comp Rates Easing, But Still High Theprice environment that workers compensation insurance buyers faceat mid-year cant be called a softer, gentler marketplace, butconditions have eased somewhat, contend professionals in thesector.
Where employers in some cases last year were hit with demandsfor 100 percent premium boosts, this year increases will not exceeddouble digits, industry experts contend.
Given the variegated nature of each states workers comp marketand the complex factors involved in individual policies, a trueconsensus of the coming renewals is hard to come by. Ratereductions are possible in rare instances, but rate increases arethe norm, sources say.
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