Workers’ compensation premium rates fell considerably nationwide, while California continued to see among the worst rates in the nation, according to a new study out from the Oregon Department of Consumer and Business Services.
The department puts out its Oregon Workers’ Compensation Premium Rate Ranking Summary report every two years.
Premium rate indices are calculated based on data from 51 jurisdictions for rates in effect as of Jan. 1. The 2018 median value is $1.70, a drop of 7.6 percent from the $1.84 median of the 2016 study. This is the largest drop in the study median since 2012.
“We’ve noticed that generally everyone’s still moving down,” said Jay Dotter, who authored the report along with Chris Day. “It’s the most we’ve seen for a while.”