Home Economy Workers’ comp rates to fall for 11th consecutive year in R.I.

Workers’ comp rates to fall for 11th consecutive year in R.I.

THE R.I. DEPARTMENT OF BUSINESS REGULATION said Tuesday that a 2.5% average reduction in overall workers’ compensation loss costs is going into effect on Aug 1.
THE R.I. DEPARTMENT OF BUSINESS REGULATION said Tuesday that a 2.5% average reduction in overall workers’ compensation loss costs is going into effect on Aug 1.

CRANSTON – The Insurance Division of the R.I. Department of Business Regulation announced Tuesday the approval of a 2.5% reduction in average workers’ compensation loss costs for 2026. Going into effect Aug. 1, this marks the 11th consecutive annual decrease in “loss costs” for the state, amounting to a 75.8% overall reduction since 2015, according

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