- March 4, 2014
The Massachusetts Worker’s Compensation rates have not increased since 2001. In 2011 a 6.6% increase resulted in a settlement between the Massachusetts Division of Insurance, the Attorney General’s office and the industry to leave rates unchanged through September 2012. Recently, the worker’s compensation rating and inspection Bureau of Massachusetts announced that it had filed for 7.7% increase in the average rates with proposed effective date of January 2014. The Massachusetts commissioner of insurance, Joseph G. Murphy announced that he will hold a public hearing to consider the WCR request on January 30, 2014 at 10:00 a.m. at the Division of Commonwealth, 1000 Washington Street, Boston, MA. This information was reported in the Standard which is an insurance industry periodical. This increase will have the benefit of providing injured workers with increased compensation throughout the time that they are out of work. If you have been injured at work, the attorneys at WorkerCompAttorney.com can help you get back on your feet and help you get the compensation you deserve.