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.
AI for the Defense: Should Insurers or Law Firms Pay? 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses From This Issue
