The Idaho Department of Insurance has received a proposal from the National Council on Compensation Insurance for an overall rate drop of 1.2 percent percent in workers’ compensation insurance to become effective Jan. 1, 2017.
NCCI collects information about the workers’ comp system in Idaho and submits proposed rates to the department for review and approval.
Dean Cameron, department director, said the rate drops reflects the stability of Idaho’s workers’ comp system.
“Frequency of claims for lost work time claims has remained consistent, and the average costs of those claims have declined. Medical cost per case has leveled off,” he said in a statement.
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