Pennsylvania Cuts Workers Comp Rate by Decreasing Injuries
Business Insurance has this article on workers comp insurance decreases in Pennsylvania:
HARRISBURG, Pa.—The Pennsylvania Insurance Department on Monday approved an 8.6% average rate decrease for workers compensation policies incepting on or after April 1.
Pennsylvania Gov. Edward G. Rendell said the rate decrease will save employers in the state a total of about $100 million in premiums in 2006. The decrease marks the third time Pennsylvania has cut workers comp rates in four years.
The governor attributed the reductions to a statewide safety program his administration implemented three years ago for employers and employees.
Hmmmmm….. a statewide safety program. Less on the job injuries = less payments for job related injuries. What a radical concept.
