• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • WCW HOME
  • Submit a Wire!
  • Advertising
  • Media Partners
  • About
  • Contact Us

WorkCompWire

Your Trusted Source for Workers Compensation News

Enlyte
  • Workers Compensation News
    • Workers Compensation Industry News
    • Association, Rating & Research News
    • Claims, Legal, & Compliance News
    • Legislative & Regulatory News
    • Risk Management News
    • Work Force & Human Resource News
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • People On The Move

ME Governor LePage: Workers’ Compensation Rates Fall by 7.7% to Lowest Since 1998

February 13, 2014 - WorkCompWire

Augusta, ME – Governor Paul R. LePage has announced that workers’ compensation rates will decrease by nearly 8 percent—the largest decrease since 1998—saving Maine employers over $15 million in the coming year.

Maine and New Hampshire are the only two states in the Northeast getting reductions, and Maine’s decrease is the larger of the two. The National Council on Compensation Insurance (NCCI) evaluated Maine’s workers’ compensation system and recommended a premium reduction of 7.7 percent based on multiple factors, including injury experience, injury trends, benefits and expenses.

“Maine employers and employees should take credit for the improvement in the workers’ compensation system,” said Governor LePage. “Maine claim frequency is relatively flat, lost time is stable, and the average medical costs per case are down. There has been a concerted effort in the state to improve safety in the workplace, promptly return injured workers to employment as soon as possible and control medical costs.”

NCCI sent the recommendation in a February 5 letter to Eric Cioppa, the Maine Superintendent of Insurance. In its Annual Report on the Status of the Maine Workers’ Compensation System, the Workers’ Compensation Board noted that the workers’ compensation system in Maine has transitioned from one of the most expensive in the nation to one that is moving to a level of average costs for both premiums and benefits.

The Maine Bureau of Insurance expects employers to save $15.2 million over the coming year.

“I am pleased with the NCCI voluntary market recommendation,” said Paul Sighinolfi, executive director and chairman of the Workers’ Compensation Board. “Their analysis of the Maine workers’ compensation market is consistent with—or perhaps even better than—my impression. All stakeholders within our system should be pleased with this recommendation because it is a combined effort of both the management and labor communities to reduce injuries and control costs that led to the recommended reduction in premium.”

Source: ME Governor’s Office

Filed Under: Industry News, Legislative & Regulatory News, Top Stories, Work Force & Human Resource News, Workers' Compensation

Primary Sidebar

Get Our Free Newsletter:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: WorkCompWire.com, PO Box 1114, Culver City, CA, 90232, http://www.workcompwire.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

myMatrixx

Paradigm

One Call

Triton

Follow Us on Twitter

Tweets by WorkCompWire

Workers Compensation News Topics

  • Top Stories
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • The RxProfessor
  • Industry News
  • Association, Rating & Research News
  • People On The Move
  • Claims, Legal, & Compliance News
  • Legislative & Regulatory News
  • Risk Management News
  • Work Force & Human Resource News
  • Workers’ Compensation

Wire Archives

Copyright WorkCompWire © 2023