Business Briefs: Rate settlement saves $80 million in workers' compensation
Settlement saves $80 million in workers' compensation
Workers' compensation rates will rise only an average of 1.5 percent beginning on July 1, the Baker-Polito Administration announced on Wednesday.
The nominal increase is the result of a settlement between the Division of Insurance's State Rating Bureau, the Workers' Compensation Rating and Inspection Bureau, and the state Attorney General's Office.
The settlement reduced the WCRIB's original request from 6.4 percent, saving approximately $50 million annually in Massachusetts workers' compensation premiums. Another $30 million in premiums was averted due to an agreement to remove and experience rating offset proposal from the WCRIB's original rate filing.
Paint & Sip fundraiser for BLP Scholarship Fund Sunday
A fundraiser for the Berkshire Leadership Program's Scholarship Fund will take place on Sunday, April 24 at Berkshire Paint & Sip Studio, 305 North St. The hours are 2 to 4 p.m.
Participants will learn how to paint a spring image of "Berkshire Botanical Gardens" on a large 16-foot-by-20-foot canvas.
Reservations: 413-205-8346, berkshirepaintandsip.com.
BCC Hacks holding 24-hour "hackathon" at college
BCC Hacks will hold their first event on April 29-30 at the Berkshire Community College cafeteria, 1350 West St.
Admission and food are free. BCC Hacks is a 24-hour hackathon that encourages learning, collaboration, growth, thinking and innovation.
Students throughout New England are welcome to participate.
Information: On Facebook at www.facebook.com/bcchacks/.
BCC is located in Pittsfield.
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