CO: DoI Orders 3.4 Percent Increase In WC Loss Costs

CO: DoI Orders 3.4 Percent Increase In WC Loss Costs

Denver, CO (CompNewsNetwork) - In economics, what goes down must come up eventually, and most Colorado employers will be looking at a small increase in the premiums they pay for workers compensation insurance in 2011. Colorado’s Commissioner of Insurance, Marcy Morrison, announced that a significant component of workers compensation premiums, known as loss costs, will increase by 3.4 percent. Loss costs are the average cost of lost wages and medical payments of workers injured during the course of their employment … read more