Quinn Touts Workers’ Comp Drop

Quinn Touts Workers’ Comp Drop

Illinois Gov. Pat Quinn says the state’s workers’ compensation insurance rates will drop 5.5 percent next year.

Quinn announced Wednesday the cut in rates is being recommended by the National Council on Compensation Insurance, which annually reviews payments and fees and proposes new premium figures.

Illinois Department of Insurance officials are estimating the latest proposed reduction in workers’ compensation advisory and loss cost rates could result in overall reduction in premiums of up to $143 million in 2015. They say the total savings since the reforms were enacted in 2011 is expected to reach $458 million.

Illinois Manufacturers’ Association President Greg Baise is applauding the news, but says the rates must drop more to increase the state’s competitiveness.

The workers’ comp system pays health expenses for injured workers.

Recent Headlines

in Entertainment

Cosby to be deposed in sexual abuse lawsuit


Bill Cosby was expected to testify under oath in a lawsuit brought by a woman accusing the veteran comedian of sexual abuse.

in Entertainment

OPENING WEEKEND: Biopic ‘Steve Jobs’ competes against ‘Pan,’ ‘The Walk’


Here's a look at the movies set to open nationwide this weekend.

in Entertainment

‘Ant-Man’ sequel and three more Marvel movies are coming


The superhero universe will add three more as of yet unnamed movies by 2020.