Massachusetts Reaches Workers' Compensation Rate Settlement

Massachusetts businesses will save approximately $150 million under a settlement Attorney General Maura Healey reached with the State Rating Bureau (SRB) and the Workers’ Compensation Rating and Inspection Bureau (WCRIB). The settlement, which follows the AG’s intervention in an administrative rate proceeding at the Division of Insurance, results in an average rate rollback of 12.9 percent on workers’ compensation insurance in the state.