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OR DCBS Releases 2016 Workers’ Comp Premium Rate Ranking Study Report

January 6, 2017 - WorkCompWire

Salem, OR – The Oregon Department of Consumer and Business Services recently announced that the results of the 2016 Oregon Workers’ Compensation Premium Rate Ranking study have been released and the full report as well as the executive summary report is now available. The study’s goal is to describe, for a comparable mix of industries, the relative cost of workers’ compensation rates across all 50 states plus the District of Columbia.

The national median index rate in the 2016 study declined to an all-time low of $1.84 per $100 of payroll. Index rates in 2016 varied from a low of $0.89 in North Dakota to a high of $3.24 in California. Oregon’s index rate was $1.28, or 69 percent of the national median, for a ranking of 45th highest rates in the nation; i.e., just six states had lower rates in 2016.

The DCBS’ publication list page includes links to the summary and full reports going back to 1994 for the summaries and 1996 for the full reports.

Click here for the Summary 2016 Workers’ Comp Premium Rate Ranking Study Report (PDF)

The DCBS also has another website for “Workers’ Compensation Costs” in Oregon with an interactive map of the rate ranking.

Source: OR DCBS

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

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