Original post @ gantdaily.com
HARRISBURG – The Pennsylvania Departments of Insurance and Labor & Industry has announced a 5.15 percent workers’ compensation rate reduction, effective April 1, saving millions of dollars for many Pennsylvania employers.
“As a result of this action, we estimate that Pennsylvania employers will experience annual savings in workers’ compensation insurance costs of approximately $140 million,” Commissioner Consedine said. ”This is the third workers’ compensation insurance decrease since 2012 and we see this as a very positive trend. Total savings for the past three years is approximately $410 million.”
