The Pennsylvania Insurance Department has approved a 5.7 percent decrease in overall workers’ compensation costs that will result in $160 million in savings for Pennsylvania employers.
Regulators said employers can expect a 5.7 percent rate decrease, on average, in 2012. However, some will see rates go up, some will see no change, and others will see rates go down beyond the 5.7 percent. This will vary according to type of business, as well as the employer’s specific claims history.
Wednesday, February 8, 2012
Penn. Regulators Approve 5.7% Decrease in Workers’ Comp Costs
From The Insurance Journal: