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Iowa: Commissioner approves slight overall workers' comp rate hike for '10
Employers in Iowa will likely see a slight bump in their workers' compensation rates next year.
Insurance Commissioner Susan Voss recently approved an average 2.3 percent overall increase in comp rates. The National Council on Compensation Insurance filed the request in August. The new rates will go into effect Jan. 1, 2010. Some employers, Voss said, may actually see their rates decrease depending on their job classification code. For example, according to the filing, manufacturing will see a 0.2 percent average decrease in rates; office and clerical will see a 4 percent average increase; contracting employers will see a 3.4 percent average decrease in rates; goods and services employers will see an 8 percent average increase; and the miscellaneous employer category will see a 2.5 percent average increase in rates.
October 19, 2009 Copyright 2009© LRP Publications |
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