News

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

Facebook has an heiress

facebook

Mark Zuckerberg and his wife, Priscilla Chan, are expecting their first child.

in Entertainment

TV: What’s new on Netflix, Amazon & Hulu

netflix

August is shaping up to be a good month for streaming some hit movies and the TV series you've been meaning to check out.

in Entertainment

REVIEW: Strong cast helps ‘Rogue Nation’ create a blast of entertainment

20-overlay10

In the latest installment of the "Mission: Impossible" franchise, Tom Cruise may have finally found a marriage that will work.