Decrease in Claim Frequency Leads to Another Rate Reduction
Oklahoma City, OK (WorkersCompensation.com) – Once again Oklahoma employers will get a break on their workers’ compensation premiums. Commissioner Glen Mulready approved a 9.6 percent premium decrease filed by NCCI. The new rates, which take effect Jan. 1, represent the 10th consecutive year of reduced loss costs.
“The biggest driver in bringing down the loss costs portion of premiums is what is actually paid out in claims and the reduction in the number of claims being ...
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