HARRISBURG, PA — The Pennsylvania Insurance Department (PID) and the Department of Labor & Industry (L&I) have announced a noteworthy reduction in workers’ compensation loss costs. The approved filing heralds a 7.88 percent decrease, a move that is anticipated to lower insurance premiums for many businesses across the Commonwealth.

This announcement represents the latest in a series of steps aimed at fostering a more competitive and cost-effective workers’ compensation insurance market in Pennsylvania. Insurance Commissioner Michael Humphreys emphasized the Department’s commitment to reducing operational costs for businesses, thereby aiding in job creation and economic growth.

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