Archive
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.
Workforce Management’s online news feed is now available via Twitter.
Schedule, engage, and pay your staff in one system with Workforce.com.