The Illinois Workers' Compensation Commission (IWCC) released their Annual Report for Fiscal Year 2010.
While the report briefly mentions this year's reforms to the IL workers' comp system, it mostly summarizes the system pre-HB 1698.
Beginning on page 21, the report provides an interstate comparison of workers' compensation metrics. Many of the metrics come directly from reports by various sources including the Workers’ Compensation Research Institute (WCRI), the National Council on Compensation Insurance (NCCI), and the 2010 Oregon Workers’ Compensation Premium Rate Ranking Report.
The Oregon study, when it was released in October of 2010, showed that Illinois' workers' compensation insurance premiums increased from 2004 to 2010. That moved Illinois from the 23rd highest state in 2004 to the 3rd highest state in 2010 for insurance costs.
The reform measures included in HB 1698 prompted NCCI to file for an 8.8% decrease in Illinois' voluntary advisory insurance rates effective 9/1/11. It will be interesting to see where Illinois ranks when Oregon releases its next study, if that rate modification is included in the report.
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