Pennsylvania agrees to a decrease in the costs of loss of workers ’compensation by 8.67 %

Pennsylvania agrees to a decrease in the costs of loss of workers ’compensation by 8.67 %

The Pennsylvania Insurance Department (PID) has agreed to provide workers’ compensation while losing costs by 8.67 %. New policies or renewal will be subject to or after April 1, 2025 for new loss costs. Since the loss costs help in determining insurance rates to compensate the workers paid by companies, the reduction will lead to…