This is the largest increase that has been approved in the state for at least six years. The Maine Bureau of Insurance has just approved a rate increase of 3.9 percent for the workers compensation coverage in the state, which represents the biggest rise in the price of the coverage in more than half a decade. The primary cause of the increase is due to a rise in health care costs that will arrive on April 1. This, according to the Maine Workers’ Compensation Board executive director Paul Singhinolfi. Back…
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