Business

Workers’ compensation insurance rates stay the same

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The state and insurance companies have agreed to keep the rates that businesses pay to compensate injured employees for lost wages and medical care the same.

The settlement between the state’s Division of Insurance and Attorney General’s Office and the Workers’ Compensation Rating and Inspection Bureau was announced late Friday.

The bureau, which represents companies such as Liberty Insurance, AIG and Traveler’s Insurance Co., had initially requested a 7.7 percent rate increase.

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