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Massachusetts to see lower workers' comp rates
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A settlement between Massachusetts Attorney General Maura Healey and the State Rating Bureau and the Workers' Compensation Rating and Inspection Bureau will lower the state's workers' comp rates by an average 12.9%.
The insurance industry had earlier sought an 11.1% cut, but Healey's office intervened in an administrative rate proceeding before the state's insurance division that resulted in the additional rate relief. Massachusetts' employers will save $150 million under the settlement.