Retailers Fund, the workers’ compensation insurance program of the Michigan Retailers Association (MRA), plans an overall rate cut of 3.51 percent for 2002. The rate cut, the fifth such reduction in nine years was approved by the fund’s Board of Trustees based on the fund’s excellent claims record.
The actual rate change for each classification within the fund is based on the classification’s claims experience. Many participants will see reductions of five percent. In addition, all participants will receive an up-front, 8.75-percent premium credit in 2002.
Retailers Fund, founded in 1981, reports that it has paid significant dividends to members every year since 1982, returning more than $1.1 million last year.
Topics Workers' Compensation Michigan
Was this article valuable?
Here are more articles you may enjoy.
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
AI for the Defense: Should Insurers or Law Firms Pay? 
