Rate Reduction May Approach Last Year's Hike

What the court taketh away, the state legislature and the Pennsylvania Compensation Rating Bureau giveth back, probably by the end of the year. That’s the word from Bill Taylor, the president of the Rating Bureau, who said actuaries have been working for weeks on a mid-year loss cost reduction filing in anticipation of the passage of House Bill 1840, also known as the “Protz Fix.” The recommended decrease will likely be roughly the same magnitude as the loss cost increase that was filed in late 2017 — minus a bit to account for some worker-friendly provisions in ...