Massachusetts Says No to Workers Comp Rate Hike

After Battle, Massachusetts State Agencies Have Agreed to No Workers Comp Rate Increase Massachusetts state agencies and the state’s Workers Compensation Rating and Inspection Bureau have agreed not to raise workers comp rates after all. The state’s Attorney General, Martha Coakley, announced the settlement agreement on Friday, March 21st. She says the agreement will save Massachusetts businesses $75 million in workers comp rates. Originally, a 7.7% rate increase was proposed by the workers comp insurance industry, particularly large … [Read more...]