Workers' comp rates to fall

Workers' comp rates to fall

BY BRANDON SAWYER

Oregon’s total workers’ compensation insurance benefits declined 10.1% in 2011, more than any other state except Nevada. This was due mostly to a drop in cash payouts. Yet workers’ comp costs to most employers actually rose a little in the two years that followed. They are finally set to decrease in 2014, according to Oregon’s Department of Consumer and Business Services. Pure premium rates (not counting the expenses and profits of private insurance companies) will decline an average of 7.6%. Among sectors, manufacturing will enjoy the biggest drop in rates, 11.0%.

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