The Pennsylvania Compensation Rating Bureau has submitted a filing for an overall average loss-cost decrease of 5.99%, PCRB told its members in a circular.
PCRB’s filing would take effect on April 1, 2015. Its filing also proposes that the Employer Assessment Factor used for the collection and remission of employer assessments be revised from the currently approved value of .0195 to .0164, effective April 1.
According to the PCRB circular, on a manual loss-cost basis, the indicated change in rates is a decrease of 6.40%, exclusive of the impact of surcharges applied to manual loss cost...
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