Pennsylvania implements workers’ comp insurance changes

The Pennsylvania State Capitol Building, in downtown Harrisburg, Pennsylvania. (Photo: Shutterstock)

Pennsylvania Insurance Commissioner Jessica Altman and Labor and Industry Secretary Jerry Oleksiak have reached agreements with two insurers and the Pennsylvania Compensation Rating Bureau (PCRB) to lessen the chances of errors in the filing of loss costs, which help determine the rates businesses pay for workers’ compensation insurance, they said in a statement.

The Insurance Department on December 13, 2018, approved a mid-year loss cost revision filing from the PCRB, an independent bureau that makes filings to the Insurance Department on behalf of the approximately 350 companies that write workers’ compensation insurance in Pennsylvania. The Insurance Department said that the mid-year loss cost revision filing was necessary because of an error in a filing submitted by the PCRB that took effect April 1, 2018, which was used to determine workers’ compensation insurance rates for Pennsylvania businesses.