CHARLESTON (AP) — Gov. Earl Ray Tomblin says West Virginia employers will see a projected $32 million reduction in workers’ compensation premiums in the coming year.
The National Council on Compensation Insurance filed the proposed reduction with the Office of the West Virginia Insurance commissioner. Tomblin’s office says the reduction is the 10th consecutive year.
Tomblin said savings of more than $280 million have been realized since the program was privatized in 2005.
The NCCI is West Virginia’s rating agent.