Oklahoma Insurance Commissioner John Doak calls it 'historic'---the likely redution of State Workers Comp Insurance rates by 1.7% in the coming year. And he gives all the credit to Governor Mary Fallin and her efforts to get a workers compensation reform law passed in the legislature this year.
the National Council on Compensation Insurance, the nation's largest database of workers' compensation insurance information has filed a request to reduce the rates. And Doak says it's what insurance companies follow. It could take about two weeks for the Department to review the request. But once it's done, Deputy Commissioner Denise Engle expects savings to be into the tens of millions of dollars for Oklahoma businesses.
Doak says it's an historic stop to the rising insurance rates for workers comp.
Here is KTOK's Jerry Bohnen interviewing Doak and Engle: Click Here