| Hoeven Approves New Workers Comp Rate Schedule |
| 6/22/2009 |
| Employer groups say they haven`t heard many complaints yet about a rise in their workers compensation insurance bills. But they say that could change when a new rate schedule takes effect July First. The new Workforce Safety and Insurance rates have an average decrease of five percent. But the insurance costs that most businesses pay is likely to go up. The amount of taxable wages is increasing by seven-point-two percent. And workers comp policyholders won`t be getting a dividend to offset their costs. The dividend isn`t coming because W-S-I`s investment fund has a smaller surplus. Russ Hanson is a spokesman for the Associated General Contractors of North Dakota. He says there`s likely to be some sticker shock when the bills go out. But he says he`s hopeful there will be dividend payments in the future. |
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