8% decrease to Montana’s workers’ comp rates approved

csimt Uncategorized

By: Phil Drake

The Montana State Fund board voted unanimously Friday to reduce workers’ compensation rates an average of 8 percent, marking the 12th year the rates have remained flat or gone down and representing a 52 percent decline since 2006.

Montana State Fund is the state’s largest workers’ compensation provider and insures 25,000 businesses and others.

Commissioner Lynda Moss said she appreciated “the stability we can provide to Montana’s small business owners” through the lower rates, which take effect July 1 and run through July 1, 2019.

State Insurance Commissioner Matt Rosendale recently approved a 10.7 percent reduction in Montana workers’ compensation loss costs.

State fund officials said Rosendale must approve their plan to determine it is not excessive, inadequate or unfairly discriminatory.v

Read more at the Great Falls Tribune