Pennsylvania regulators have approved a decrease of 1.22% in loss costs for workers’ compensation insurance effective April 1.
New or renewed policies issued on or after that date will reflect the updated loss costs. Because loss costs are factored into workers’ compensation insurance rates, the reduction will likely lower premiums for many Pennsylvania businesses.
Last year, the Pennsylvania Insurance Department approved an 8.67% reduction in loss costs for policies issued on or after April 1, 2025.
Th loss cost revisions are filed by the Pennsylvania Compensation Rating Bureau on behalf of insurers.
Approximately 375 insurance companies offer workers’ compensation insurance coverage in Pennsylvania. Workers’ compensation insurance covers the cost of medical care and rehabilitation for injured workers, lost wages, and death benefits for the dependents of those killed in work-related accidents.
Topics
Workers’ Compensation
Talent
Pennsylvania
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