Comp rates to decrease for South Dakota employers

PIERRE, S.D.--Most South Dakota employers will see an average rate reduction of 0.5% for workers compensation policies beginning July 1, according to the state's Division of Insurance.

Employers in an assigned risk plan, however, will see workers comp rate reductions of about 0.6%, Merle Scheiber, director of South Dakota's Division of Insurance, said in a statement.

Despite rising medical costs, rates in the state have remained stable in recent years, Mr. Scheiber said.