Mass. nixes hike in worker's compensation rates

The state insurance commissioner has approved a settlement eliminating a proposed increase in workers' compensation insurance rates.Attorney General Martha Coakley's argued against the planning increase, which would have hiked rates by an average of 7.7 percent across the state.Coakley called the proposed increase "totally unjustified" and said it would have hit small businesses hard at a time when the state is grappling with high unemployment.via Mass. nixes hike in worker's compensation rates