Today’s issue of WorkCompRecap features the Oregon Department of Consumer and Business Services’ (DCBS) release of its biennial study on workers’ compensation costs, which ranks all 50 states and Washington, D.C., based on premium rates that were in effect Jan. 1, 2022.
Key findings included that Oregon had the 10th least expensive rates in 2022, falling in the rankings by four spots from the 2020 survey. DCBS noted that rates have dropped all over the country in recent years, leading to a compression of the scores in the survey, and with premium index rates clustered at the low end, small changes in index rates can lead to big jumps in ranking. Other key findings included that New Jersey had the most expensive rates, followed by Hawaii and California. North Dakota had the least expensive rates. Oregon researchers also compared each state’s rates to the national median.
WorkCompWire will return on Monday.
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