PA Workers Comp Rates to Jump
On Dec. 27, Acting Pennsylvania Insurance Commissioner Jessica Altman approved a 6.06 percent increase in workers' compensation premiums, one of the largest hikes in 25 years. The size of the increase addresses what some observers expect to be sharply higher workers' comp costs following a state Supreme Court ruling in June that barred the use of so-called impairment rating evaluations. The evaluations allowed companies to cap costs for paying out wages lost due to injury, typically in cases where workers could not return to work. The increase takes effect on Feb. 1.