State Becoming A Safer Place To Work
The National Council on Compensation Insurance is recommending that the state of Louisiana cut workers' compensation rates by 5 percent because of fewer workplace claims and other issues.
The Council has filed documents with the Louisiana Department of Insurance saying that Louisiana businesses should get a rate reduction on what they pay because there were a lower number of workers' comp claims made in 2011.
The Louisiana Workforce Commission confirms the numbers as they report there well less losses for both 2010 and 2011.
The NCCI says the reason for the change is that there were less reported workplace injuries, and those reported had fewer costs associated with them.
If the lower rates are approved, the would not be effective unil May 14 of 2014.