{"id":116,"date":"2008-12-02T22:00:19","date_gmt":"2008-12-02T22:00:19","guid":{"rendered":"http:\/\/noyeshallallen.wordpress.com\/2008\/12\/02\/improved-maine-workplace-safety-likely-to-lead-to-wc-rate-drop\/"},"modified":"2017-11-09T08:54:29","modified_gmt":"2017-11-09T14:54:29","slug":"improved-maine-workplace-safety-likely-to-lead-to-wc-rate-drop","status":"publish","type":"post","link":"https:\/\/www.noyeshallallen.com\/blog\/improved-maine-workplace-safety-likely-to-lead-to-wc-rate-drop\/","title":{"rendered":"Improved Maine Workplace Safety Likely to Lead to WC Rate Drop"},"content":{"rendered":"

The Lewiston Sun Journal reported last week<\/a> that Maine Superintendent of Insurance Mila Koffman approved a request from the National Council on Compensation Insurance for a reduction in Maine workers’ compensation rates of 7.6%. \u00a0NCCI<\/a> is the primary gatherer of workers’ compensation data.<\/p>\n

It’s up to each individual insurer to decide whether or not to follow NCCI’s advice, but most do at least base their rate filings on NCCI’s indications.<\/p>\n

This is good news on many fronts. Lower accident rates obviously are good for workers and their families; lower workers’ compensation rates help Maine employers as they compete in the global marketplace; and the reduced costs come at a time when other business expenses are increasing and many industries face shrinking revenues.<\/p>\n

Just last month MEMIC<\/a>, the state’s largest workers comp insurer, returned about 10%<\/a> of 2005 premiums to its policyholders in the form of a dividend. MEMIC has received well-deserved attention for its efforts to increase workplace safety in Maine.<\/p>\n

Whether or how much Maine WC rates decrease in 2009 remains to be seen. What is certain is that the system is much healthier than it has been in a very long time.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Lewiston Sun Journal reported last week that Maine Superintendent of Insurance Mila Koffman approved a request from the National Council on Compensation Insurance for a reduction in Maine workers’ compensation rates of 7.6%. \u00a0NCCI is the primary gatherer of workers’ compensation data. It’s up to each individual insurer to decide whether or not to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,16,10],"tags":[],"class_list":["post-116","post","type-post","status-publish","format-standard","hentry","category-business-insurance","category-safety","category-trends"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/comments?post=116"}],"version-history":[{"count":1,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/116\/revisions"}],"predecessor-version":[{"id":4827,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/116\/revisions\/4827"}],"wp:attachment":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/media?parent=116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/categories?post=116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/tags?post=116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}