A new report shows workers’ comp reform laws in two states have brought down premiums significantly.
Florida and California are enjoying much lower rates.
California’s rate of $2.72 per $100 of payroll places it 14th among the 50 states and District of Columbia. It was second highest in 2006 before passing reform legislation.
Florida’s rate is $2.20, and its rank is 28th. It ranked sixth two years ago.
Alaska has the highest rate at $3.97, followed by Montana, Ohio, Vermont and New Hampshire.
North Dakota has the lowest rate, $1.08, followed by Indiana, Massachusetts, Virginia and Arkansas.
The median rate in the survey was $2.26.
The study was conducted by the Oregon Department of Consumer and Business Services. You can find how your state stacked up by clicking here.
