Tag: washington state insurance

4.9 percent workers’ compensation rate hike coming to Washington

Marc
Workers compensation - Person looking stressed

The Washington State Department of Labor & Industries announced the increase for 2024. Next year, the average workers compensation premium in Washington will be 4.9 percent higher, according to a recent announcement from the state’s Department of Labor & Industries. The rate increase will become effective on January 1, 2024, and will be paid jointly by workers and employers. The workers compensation rate increase will mean that every full-time employee’s premium will be rising by an average of $65 per year. That cost will be split between workers and employees.…

Read More

Washington health insurance rates expected to see double-digit increases

H. Cutner
seattle washington health insurance rates industry

In fact, the going prediction is that premiums could rise by over 13 percent on average across the state. According to the state’s commissioner, Mike Kreidler, the Washington health insurance rates are slated to increase by an average of 13.5 percent and apparently this doesn’t come as a surprise to him. There have already been thirteen health insurance companies that have filed their 2017 plans. Those insurers are asking for an average 13.5 percent increase on Washington health insurance rates across a total of 154 individual plans for 2017. This…

Read More

Some 11,000 new consumers enroll in Washington health insurance exchange

Logan B.
seattle washington health insurance rates industry

State health insurance exchange enrolls 11,000 new consumers looking for coverage An estimated 11,000 new people have enrolled in Washington’s health insurance exchange, according to state officials. The state’s exchange has managed to attract numerous new customers who have been looking for insurance coverage. A portion of these consumers were previously uninsured, with others opting to find new policies and move away from the private market, which is becoming increasingly expensive. State officials believe that the exchange continues to see healthy growth as new consumers seek more options when it…

Read More

Insurance news from Washington state includes Commissioner testifying in support of HB1212

Insurance news Mike Kreidler, Washington Commissioner

Mike Kreidler has announced that he has testified against of the use of credit scores by insurers. The latest insurance news out of Washington is that Mike Kreidler, the state’s commissioner, testified on January 30 as a reflection of his support of a new bill that is a bipartisan initiative to stop insurers from being able to use credit information to calculate homeowners policy premiums. House Bill 1212 separates homeowners coverage from the current Washington law restricting credit history use. The current regulations within the state limit the extent to…

Read More