DOI Approves Annual Workers' Comp Filing

Original source: http://insurance.ky.gov/ppc/Documents/Workerscomp.pdf

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Kentucky Department of Insurance (09/13/19)

The Kentucky Department of Insurance (DOI) announced the approval of this 2019 rate filing utilized to develop premiums for workers’ compensation coverage. For the 14th consecutive year, the filing indicates a general decrease in Kentucky’s decrease costs. A loss price is an average reimbursement for lost wages dependent on the degree of handicap, also medical benefit payments. DOI Commissioner Nancy Atkins features the decrease to the pro-growth leadership of the General Assembly and Governor Bevin, as well as, the continuing reduction of workplace injuries. “The general reduction demonstrates the effectiveness of HB 2 and also the devotion of Kentucky companies to worker safety,’ she says. “The Commonwealth is currently taking the necessary actions to improve investment and job development. The diminished claim figures continue to make Kentucky a appealing nation to conduct business.” According to the reduction costs figures filed in the 2019 rate filing, there is a normal reduction of 9 percent throughout the course codes utilized in Kentucky. Over the previous two years, the Department has declared more than a decrease in reduction costs Normally. The approved rate filing is effective Oct. 1…. Read More

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Original source: http://insurance.ky.gov/ppc/Documents/Workerscomp.pdf

We search the net nonstop to reach out to you to understand to the need of getting a Property Damage Adjustment Consultant in your corner. Take a few seconds to read this web post we found.

Kentucky Department of Insurance (09/13/19)

The Kentucky Department of Insurance (DOI) announced the approval of this 2019 rate filing utilized to develop premiums for workers’ compensation coverage. For the 14th consecutive year, the filing indicates a general decrease in Kentucky’s decrease costs. A loss price is an average reimbursement for lost wages dependent on the degree of handicap, also medical benefit payments. DOI Commissioner Nancy Atkins features the decrease to the pro-growth leadership of the General Assembly and Governor Bevin, as well as, the continuing reduction of workplace injuries. “The general reduction demonstrates the effectiveness of HB 2 and also the devotion of Kentucky companies to worker safety,’ she says. “The Commonwealth is currently taking the necessary actions to improve investment and job development. The diminished claim figures continue to make Kentucky a appealing nation to conduct business.” According to the reduction costs figures filed in the 2019 rate filing, there is a normal reduction of 9 percent throughout the course codes utilized in Kentucky. Over the previous two years, the Department has declared more than a decrease in reduction costs Normally. The approved rate filing is effective Oct. 1…. Read More

Thank you! And please schedule a time with us if you need friendly help when arguing with your insurance broker. NO claim, NO fee!