Rating Bureau Says It Will Pull Rate Filing Increase With Protz Fix

The state’s rating bureau on Wednesday pledged to withdraw an “unprecedented” interim loss cost filing with a recommended 6.06% increase if legislators quickly craft a “fix” to the Pennsylvania Supreme Court’s recent Protz decision. The high court’s 6-1 ruling June 20 declared Section 306(a.2) of the Workers’ Compensation Act unconstitutional, blocking impairment rating evaluations (IREs). The evaluations were the insurance industry’s biggest weapon for reducing long-term exposure to claims. The state Insurance Department has not yet act...