Industry Group Recommends 5th Consecutive Cut in Illinois Workers’ Compensation Insurance Rates

 

• NCCI recommends a 10.9% decrease in insurance rates for 2018.
• Recommended cuts since 2011 now total 36.5%.
• In Illinois, insurance companies aren’t required to follow these recommendations.
• Legislation to lower workers’ compensation costs for employers sits on the Governor’s desk.

CHICAGO—(ENEWSPF)—July 27, 2017. This week, the National Council on Compensation Insurance (NCCI) released the latest figures on what Illinois employers should expect to pay for workers’ compensation insurance next year – a…