Quinn Announces that Workers’ Compensation Loss Costs Drop Nearly 20%

According to Gov. Quinn and the IWCC, “Indications are coming in to show the 2011 changes to the Workers’ Compensation Act are delivering significant savings to Illinois businesses.”  The National Council on Compensation Insurance reported a 19.3% drop in loss costs since 2011.  To read the press release, go to http://www.iwcc.il.gov/PR090414.pdf

In addition, a 2014 Oregon study found Illinois had the largest savings in the country as a percentage of study median. To read the press release, go to http://www.iwcc.il.gov/PR101614.pdf

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