Pennsylvania workers’ compensation insurers are recommending a decrease in what they charge to cover loss costs.
The Pennsylvania Compensation Rating Bureau has filed for an overall 8.58 percent decrease in collectible loss costs, effective April 1, 2006, on a new and renewal basis.
Also, the PCRB has calculated the Employer Assessment Factor effective April 1, 2006, to be 1.98 percent, as compared to the currently approved provision of 1.91 percent.
The insurance department has yet to rule on the filing.
Was this article valuable?
Here are more articles you may enjoy.
KPMG Australia Scandal Widens After it Confirms Optus Data Was Misused 
Intersecting Risks and the Future of Construction Insurance 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
