Today’s issue of WorkCompRecap features the Oregon Department of Consumer and Business Services recent release of the 2016 edition of its Workers’ Compensation Premium Rate Ranking study.
The goal of the study is to examine the relative cost of workers’ compensation across all 50 states plus the District of Columbia for a comparable mix of industries. DCBS noted that the national median index rate in the study declined to an all-time low of $1.84 per $100 of payroll. Index rates in 2016 varied from a low of $0.89 in North Dakota to a high of $3.24 in California. 21 states had an index rate that was within +/- 10% of the benchmark value.
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