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.
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
World’s Growing Civil Unrest Has an Insurance Sting 
