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Competition, self-insurance and more diligent management of risks are expected to keep workers' compensation rates at an all-time low.
Competition is the most significant contributor to lower workers' compensation rates, according to insurance industry analysts.
Other factors contributing to lower rates are the trend toward more self-insurance and steps taken to manage the risk more effectively, such as signing deals with hospitals and doctors much like managed health care, experts say.
Losses as a percentage of premiums are at an all-time low for workers' compensation insurers, according to the State Department of Insurance.
The loss ratios are a …