Kathy Manderino, acting secretary of the Pennsylvania Department of Labor & Industry (DLI) announced on March 27 that state businesses will see a significant cut in workers’ compensation insurance rates while benefit levels for injured workers will be maintained. Workers’ comp insurance rates will drop 5.99%, effective April 1, reducing a key expense for many companies and saving Pennsylvania businesses an estimated $140 million this year.
“A constant concern for business owners is reducing costs while supporting employees’ health and livelihood,” said Gov. Tom Wolf. “These rate reductions will go a long way toward ensuring [that] business owners can continue to create and support jobs that pay in Pennsylvania.”
The rate reduction follows the Insurance Department’s approval of the Pennsylvania Compensation Rating Bureau’s annual loss cost filing. These loss costs are used to determine the premiums businesses pay for workers’ compensation insurance. The premium savings for an individual employer will vary based on the employer’s risk classification, claims experience and other factors. Based on these factors, not every employer will see a decrease.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
