KY | An annual filing insurance carriers use to develop rates for workers’ compensation coverage shows the 18th consecutive overall decrease in loss costs, Kentucky Department of Insurance (DOI) Commissioner Sharon P. Clark announced today.
Loss cost is the amount of money an insurance company must pay to cover a claim and is an
important factor in calculating premium costs.
“This is good news for our employers and for continued economic development in the commonwealth. The decreased claim figures make Kentucky an appealing state to do business,” said Commissioner Clark. “It’s also indicative of the ongoing safety initiatives by Kentucky’s employers who work to keep their employees safe while on the job.”
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