Today’s issue of WorkCompRecap features Missouri Governor Jay Nixon’s annoncement that the Department of Insurance’s initial figures indicate that NCCI will be proposing an overall decrease of 2.4% in its 2015 loss costs, largely due to a decrease in the number of accidents/ injuries in the state. Nixon noted that Missouri’s loss costs rank lower than the regional average, and lower than Illinois, Iowa and Oklahoma. Find out more by clicking here!
Also in the news today is SAIF’s announcement that more than 47,000 Oregon employers will receive a dividend in October. The $120 million dividend amounts to a return of approximately 23-27% of premium that eligible customers paid in 2014. SAIF noted the dividend was possible due to overall financial results and favorable trends in claim costs, and noted that there has been increased emphasis on overall worker health and wellness, which is closely connected to prevention of workplace injuries. Find out more by clicking here!