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Workers’ comp rates approved

February 14, 2018
3:40 PM

Workers’ compensation rates will continue to rise as of April 1, 2018. Acting Pennsylvania Insurance Commissioner Jessica Altman approved the loss costs submitted under Filing No. C-370: an overall average increase of 0.70 percent in collectible loss costs.

When applied to the loss costs from Filing No. C-369 (the “Protz” filing) – which was approved for use effective Feb. 1, 2018 – the combined impact is an increase of 6.80 percent over the April 1, 2017 loss costs.

Read more in PCRB Circular No. 1699

“PROTZ” FILING
As a refresher, the Pennsylvania Compensation Rating Bureau (PCRB) in August 2017 filed for a mid-year 6.06 percent loss cost increase as a result of the Protz v. WCAB Supreme Court case. In its decision, the court struck down a section of the Commonwealth’s 1996 Workers’ Compensation Act reforms, which allows employers to request Impairment Rating Evaluations (IREs) to assess an employee’s level of impairment and determine their disability status – viewed by many as a cost-saving measure for employers. The court ruled unconstitutional a method the Act currently provides for updates to the standards for evaluating a worker’s degree of impairment.

The PCRB’s request for a mid-year rate increase came in response to the estimated impact of losing IREs.

F-CLASSIFICATION FILING
In related workers’ compensation news, Altman also approved revised US Longshore & Harbor Workers “F-Class” rates and related values as of April 1, 2018. The approved rates result in an overall average decrease of 12.40 percent from existing rates.

Read more in PCRB Circular No. 1700

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