Insurance Department Announces Mid-Year Workers Comp Insurance Filings From Pennsylvania Compensation Rating Bureau
Insurance Commissioner
"To the extent these filings may impact the premiums businesses pay for workers compensation insurance, I am committing my department to give these filings our immediate attention, so any effect is in place as soon as possible in
The first filing follows
At the same time, the PCRB is filing another mid-year loss cost revision to modify an earlier loss cost filing submitted in
"As soon as we learned of this issue, we began working with the PCRB to encourage a prompt new filing with the department, so we could begin our review and approval process as soon as possible," Altman said. "We also immediately began investigating the issue and will take appropriate actions once the investigation has concluded."
"Workers compensation insurance is vital to protect workers hurt on the job and make sure they get the medical care they need. At the same time, this is a cost for businesses, and that cost must be calculated with accurate information," Altman said. "For these reasons, our department will be prioritizing our review of these filings to make certain our insurers and employers are using the correct information and rates are set appropriately."
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