10/11/11 - 12:38pm
Workers' compensation insurance premiums that employers pay are likely to increase modestly in 2012 after several years of decline, state Division of Insurance officials say.
State law requires employers to purchase insurance to cover employees for possible workplace injuries.
State Insurance Director Linda Hall said insurers have filed for a 2.7 percent overall rate increase, which the division is now considering. If it is approved, and the decision that will be made in early November, the increase will go into effect Jan. 1, Hall said.