The Pennsylvania Insurance Department (PID) has approved a workers’ compensation filing with an 8.67% reduction in loss costs. New or renewal policies issued on or after April 1, 2025 will be subject to the new loss costs. Because loss costs …
Connecticut workers’ compensation insurers are recommending an overall 9.8% reduction in loss costs in the voluntary market and a 10.5% overall reduction in the assigned risk market. The rate filing submitted to the Connecticut Insurance Department by the insurers’ National …
The Connecticut Insurance Department has approved a filing with decreases of 14.1% to workers’ compensation pure premium lost costs, and an 8.2% reduction in assigned risk rates. The decreases, effective January 1, 2022, pave the way for insurance companies to …
Maine businesses could save as much as $27 million this year thanks to a projected decline in workers’ compensation insurance claims. Maine Superintendent of Insurance Eric Cioppa said he approved a 12 percent average decrease in expected workers’ compensation loss …
The South Carolina workers’ compensation market is strong, according to the state department of insurance’s most recent report, as the first reform to the state’s workers’ comp system in almost a decade readies to complete a full year of enactment …
The annual filing most insurance carriers will use to develop rates for workers’ compensation insurance shows a decrease for the fourth year in a row in Oklahoma, according to the state insurance department. The Oklahoma Insurance Department reported that the …
New requirements regarding the implementation of changes in workers’ compensation loss costs have been passed by the South Carolina Legislature, and the insurance department is reminding insurers to ensure they follow the new filing rules as loss cost increases will …
The Pennsylvania Compensation Rating Bureau (PCRB) said the Pennsylvania Insurance Department has approved PCRB’s filing which calls for an overall average workers’ compensation loss cost decrease of 0.90 percent from existing loss costs. Pennsylvania Insurance Commissioner Teresa Miller approved PCRB’s …
The Pennsylvania Compensation Rating Bureau (PCRB) has submitted a filing of Pennsylvania loss costs and related rating values with a proposed effective date of April 1, 2016. The filing proposes an overall average loss cost decrease of 0.90 percent. PCRB’s …
The Pennsylvania Compensation Rating Bureau (PCRB) has submitted a filing of Pennsylvania loss costs and related rating values with a proposed effective date of April 1, 2015. PCRB said in its Circular No. 1636 on Dec. 15 that its filing, …
