OKC VeloCity | Oklahoma Workers’ Compensation Rate ranking improves by 20 spots since 2010

Oklahoma Workers’ Compensation Rate ranking improves by 20 spots since 2010

By Eric Long / Economy / April 15, 2019

  • The recently released 2018 State Ranking of Worker Compensation Premium Costs showed Oklahoma has improved its workers’ compensation premiums by 20 places out of the 51 states and territories measured since 2010.
  • In 2010, Oklahoma had the 4th highest Workers’ Compensation Premiums in the country.
  • By 2018, Oklahoma’s rates were ranked in the middle of all states with rates just 1% above the national median. The dramatic decrease in rates placed Oklahoma in the same echelon ($1.50-$1.99) as neighbors New Mexico and Missouri.

 
Source: Oregon Department of Commerce, 2018 Workers’ Compensation Premium Index Rates. A rank of 1 is most favorable.

 

For comprehensive Economic Indicators and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com/economicindicators or contact Eric Long, Research Economist – 297-8976; elong@okcchamber.com.

This article originally appeared in the April 2019 issue of The POINT!

internal velocity email signups
Total Votes: 62 Avg Vote: 1