The Pennsylvania Insurance Department has approved a 2.89 percent average rate reduction for workers’ compensation premiums, saving employers an additional $32.5 million in premiums this year.
“Pennsylvania has a very competitive marketplace for workers’ compensation insurance due, in large part, to our overall reforms and focus on workplace safety,” Commissioner Diane Koken said. “We had seen some small rise in premiums in recent years, but I am encouraged that we are back on track.”
Topics Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
State Farm Sued Over Policies Backed by Distressed Insurer PHL 
US E&S Outlook No Longer Positive: AM Best 
Brookfield Targets Global Dominance in P/C Insurance Coverage 
Acrisure CEO Greg Williams Makes $400M Commitment to Michigan State University From This Issue
