Rating Bureau Recommends 4.1% Increase in Coal Mining Loss Costs

The Pennsylvania Coal Mine Compensation Rating Bureau is recommending a 4.1% increase in loss costs effective April 1, according to a notice in Saturday's Pennsylvania Bulletin. The bureau is also requesting an increase in the employer assessment factor to 1.7% from the current rate of 1.65%, according to the notice. According to the bureau's filing, most of the rate increase is driven by experience in the traumatic lost cost component. The indemnity indication increased by 13%, the bureau said, while the medical indication increased by 7%. That was offset by a 10.5% decrease in the ...