Summary

Overall, dispute resolution is performing at peak levels. Compliance with the Workers’ Compensation Act is high. Frequency of claims is down. Compensation rates have dropped 43 percent since 1993. The Superintendent of Insurance has approved a 7.6 percent rate reduction for 2009. And, MEMIC has recently declared a $15 million dividend to Maine businesses. All of which contribute to one of the more stable workers’ compensation systems in the country.

“dispute resolution is performing at peak levels”

“compensation and rates have dropped 43% since 1993...”

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policy of keeping Maine fair-minded and competitive.

Compensation rates have dropped 43 percent since 1993. The Superintendent of Insurance has approved a 7.6 percent rate reduction for 2009. And MEMIC has recently declared a $15 million dividend to Maine businesses.

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