News

Quinn Touts Workers’ Comp Drop

Quinn Touts Workers’ Comp Drop

Illinois Gov. Pat Quinn says the state’s workers’ compensation insurance rates will drop 5.5 percent next year.

Quinn announced Wednesday the cut in rates is being recommended by the National Council on Compensation Insurance, which annually reviews payments and fees and proposes new premium figures.

Illinois Department of Insurance officials are estimating the latest proposed reduction in workers’ compensation advisory and loss cost rates could result in overall reduction in premiums of up to $143 million in 2015. They say the total savings since the reforms were enacted in 2011 is expected to reach $458 million.

Illinois Manufacturers’ Association President Greg Baise is applauding the news, but says the rates must drop more to increase the state’s competitiveness.

The workers’ comp system pays health expenses for injured workers.

Recent Headlines

in Local

Durbin Disappointed in Quick Fixes for Highway Funding and Import Export Bank

Dick Durbin

Dick Durbin hopes those issues will be addressed when Congress returns in September.

in Local

Kelly Contemplates Another Run for Office

william j kelly

William Kelly has run for several offices and says the Illinois GOP has gotten away from it's values.

in Local

Hastert Closes PAC, Moves Money to Legal Defense Fund

Former House Speaker Dennis Hastert arrives at the federal courthouse, Tuesday, June 9, 2015, in Chicago for his arraignment on federal charges that he broke federal banking laws and lied about the money when questioned by the FBI. The indictment two weeks ago alleged Hastert agreed to pay $3.5 million to someone from his days as a high school teacher not to reveal a secret about past misconduct.

Former Speaker of the House under investigation for violating banking laws and lying to the FBI.

in Local

Task Force Hopes to Help Mitsubishi and It’s Employees

mitsubishi

Task force includes Governor Rauner and Congressmen Durbin, Kirk, and Rodney Davis.

in Local

St. Clair County Sheriff Passes on U.S. House Bid

rick watson

Sheriff Rick Watson has declined a run for the house in the 12th Congressional District.