Massachusetts officials and the state's rating bureau have agreed on an average 16.9 percent reduction in workers' compensation insurance rates, it was announced.

The figure is 3.5 points lower than the original rate filing that the Workers' Compensation Rating and Inspection Bureau of Massachusetts submitted in March. The bureau is a private non-profit unincorporated association of insurers.

Paul Meagher, WCRIB president, said the rate, which was worked out with the Division of Insurance's State Rating Bureau and the state attorney general would take effect September 1.

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