Workers' compensation insurance

Economy & Business
1:02 pm
Fri March 29, 2013

PA Workers' Compensation Rates To Drop Again

The Pennsylvania State Insurance Department says a workers' compensation insurance rate reduction will go into effect next week, saving employers millions of dollars.

The department said the overall 4 percent decrease, which takes effect Monday, could mean as much as $110 million in savings for Pennsylvania employers.

The 4 percent estimate may vary according to a company's claims experience, payroll and other factors, and not all employers will see a decrease.

Insurance Department Spokeswoman Rosanne Placey says there is a positive trend happening in Pennsylvania.

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