Longshore, Coal Mine Rate Decreases Proposed

The Pennsylvania Compensation Rating Bureau has proposed a rate decrease of 9.97% for benefits under the Longshore and Harbor Workers' Compensation Act. And the Coal Mine Compensation Rating Bureau has filed for a 2.1% loss cost decrease for workers' compensation insurance, for new and renewal policies. In addition, the bureau has calculated an Employer Assessment Factor of 2.18%, as compared to the currently approved provision of 2.32%. The proposals, which are now under review by the Pennsylvania Insurance Department, would take effect on April 1. Comments on the proposals may be ...