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By Staff Report
Oct. 31, 2008
North Carolina Insurance Commissioner Jim Long announced Tuesday, October 28, that he had approved a 4.4 percent workers’ compensation voluntary market rate decrease effective April 1.
He also approved a 3.8 percent rate decrease for the assigned risk market.
The decrease will save North Carolina employers about $65.5 million, the commissioner said in a statement. The average rate in the voluntary market is now about 2.17 percent of payroll.
Filed by Roberto Ceniceros of Business Insurance, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.
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