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North Carolina Approves Comp Rate Decrease

The state’s insurance commissioner has approved a 4.4 percent workers’ compensation voluntary market rate decrease effective April 1.

  • October 31, 2008
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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.

 

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