Today’s issue of WorkCompRecap features the Oregon DCBS’ recent announcement of a decrease in its pure premium rate by an average of 14% in 2018, marking the fifth year in a row that businesses will experience an average decrease. The rate has declined by an average of 33% since 2013. The DCBS also noted that part of the proposal package is an increase in the premium assessment, which funds state costs of running workers’ comp and workplace safety and health programs, from 6.8% to 7.4%. The combination of the changes will still result net reduction in costs for the average employer. Find out more by clicking here!
Also in the news today is MedRisk’s announcement that Mike Ryan has been promoted to Chief Executive Officer and President of MedRisk. Founder Shelley Boyce is expected to maintain an active role as Executive Chairman. Boyce noted that Ryan’s leadership had been a key contributor to MedRisk’s growth, which has seen a 21% organic compound annual growth rate during his six-year tenure. Find out more by clicking here!