DCBS Cutting Rates by 3.2%

The Oregon Department of Consumer and Business Services said employers will pay an average of 3.2% less for workers’ compensation coverage next year. The department said the advisory pure premium rate for 2025 will be 91 cents per $100 of payroll, down from 93 cents in 2024. “The decline in costs marks 12 years of average decreases in the pure premium rate — the base rate insurers use to determine how much employers must pay for medical costs and lost wages,” the department said in a statement Thursday. The department also announced that it is proposing no change in ...