Denn orders cut to workers comp rates
WDEL, August 19, 2008
Employers in Delaware will soon be paying less for workers compensation insurance.
Insurance Commissioner Matt Denn has ordered an 11-and-a-half percent cut in average premium rates effective October first, and he says that’s good news for businesses.
The 11.5 percent cut comes on top of another cut Denn ordered last fall. Denn says this latest cut should mean savings of at least 14 million dollars a year to Delaware businesses.