Rising rates of insurance premiums happen for different factors. They could be due to a higher experience mod, larger payouts due to claims, and in general more claims occurring in one fiscal year.

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NY Workers Compensation Rates Rising 11.5% as of October 2012

On Thursday May 17th, 2012 the NY Workers Compensation Rating Board announced in RC Bulletin 2302 that effective October 1st, 2012 the NYCIRB proposes an increase in the "average" loss cost rating of 11.5%. We love it when they throw in…

Workers Compensation Rates Heading Higher; AGAIN!!

Standard & Poor's the rating Agency that got so much so wrong during the financial meltdown may have gotten this one right, unfortunately. In their report just issued entitled "For The US Prop/Casualty Industry, Making Workers Compensation…