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Addison
Independent
VOL. 13 • NO. 33
252452
WWW.THEINDEPENDENTNEWSPAPERS.COM
THURSDAY, AUGUST 11, 2016
Workers’ comp premiums drop, but Illinois still lags behind neighbors the seventh highest rate of workers tinue lag behind other states.” business community as hostile toNew data on Illinois workers’ compensation in the country and Denzler said Illinois’ compen- ward employers. compensation insurance show em- until we make changes, we’ll con- sation laws are widely seen in the Opponents of workers compensaployers are in for some savings next year, but business advocates say it doesn’t mean Illinois has become more competitive with other states. A new filing by the National Council on Compensation Insurance shows Illinois employers can expect a 12 percent reduction in their premiums for workers’ compensation insurance. Some may interpret that as significant savings for a business owner. But Illinois Manufacturers’ Association vice president Mark Denzler said the report only shows new data for four states. He said all others should see those savings too. “Every other state will see decreases when their numbers are updated, meaning Illinois still continues to lag behind Indiana, behind Wisconsin, behind the rest of the country.” Denzler stressed that one of the biggest reasons for cheaper employment insurance rates is the loss of higher-risk manufacturing work. “As we’ve lost these high-paying jobs in manufacturing, construction and mining, the severity of injuries has gone down and the amount of time away from work has gone down,” he said. “Job losses are not Pictured are the winning players in the 4th Annual Addison Cup Golf Challenge, the way you want to see the cost of held recently. Spearheaded by Don “The Don of Sports” Figarelli, the event was a workers compensation insurance huge success. Pictured are (from left): Jim Gregorio, Nick Sisto, Figarelli, Danny drop.” Hartnett and Dean Stathopoulos. Nick Sisto repeated as champion against a stelHe added that workers’ compenlar field, which included the other three. The event was played at Addison’s Links sation costs in Illinois are still in & Tees course, with the ceremonial first ball hit by Addison Mayor Rich Veenstra. dire need of reform to make it more Figarelli was especially appreciative of the many sponsors which made this anattractive to new and current businual event possible. ness. “There is no doubt we have BY ILLINOIS NEWS NETWORK
tion reform say the insurance industry is withholding the savings stemming from reforms made in 2011.
Annual Addison Cup deemed successful
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