Missouri Recommends 11% Drop in Workers’ Comp Insurance Rates

After reviewing statewide data for insurance claims paid by employers for injured workers in 2010, the Missouri Department of Insurance is recommending a 11.1 percent decrease in workers’ compensation rates for 2011. The department recommends insurers selling workers’ comp decrease their "loss costs" by 11.1 percent. Loss costs are a prediction of how much an insurer will pay in claims in the coming year.