Today’s issue of WorkCompRecap features the Pennsylvania Department of Labor & Industry’s recent announcement that the state’s Compensation Rating Bureau’s most recent loss cost filing has called for a 5.99% decrease in workers’ comp rates, effective April 1. The DLI noted that the reduction was the fourth consecutive one in as many years, bringing employer savings over that period of time to over $550 million. Find out more by clicking here!
Also in the news today is California State Fund’s release of its annual report for 2014, which highlighted a jump in net premiums earned of $1.669 billion, an increase of 53% over 2013. State Fund also noted a 6% increase in policies written and an increase of $22 million in Policyolder’s surplus, to $6.4 billion. State Fund also noted the roll out of a free online training program on acute and chronic pain treatment alternatives for physicians in its medical network. Find out more by clicking here!