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PA Bulletin, Doc. No. 24-1870

NOTICES

INSURANCE DEPARTMENT

Pennsylvania Compensation Rating Bureau; F-Classification and USL&HW Rating Value Filing

[54 Pa.B. 8570]
[Saturday, December 28, 2024]

 On December 14, 2024, the Insurance Department received from the Pennsylvania Compensation Rating Bureau (Bureau) proposed revisions to rates and rating values pertaining to F-Classification and United States Longshore and Harbor Workers (USL&HW) Compensation Act coverages to be effective April 1, 2025. The filing proposes the following:

 • An overall average decrease in collectible F-Classification rates of 8.60%. This overall figure represents an average; the effect of this filing on the rates for individual insureds will vary.

 • A change in the USL&HW compensation coverage percentage from 73.3% to 73.6%. This results in a USL&HW factor change from 1.733 to 1.736.

 • A change in the expense constant from $375 to $395.

 • A change in the tax multiplier from 1.0876 to 1.0958.

 The filing is available for review on the Bureau's web site at www.pcrb.com in the ''Filings'' section under ''Industry Resources.''

 Interested parties are invited to submit written comments, suggestions or objections to Eric Zhou, Insurance Department, Insurance Product Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, gzhou@pa.gov within 30 days after publication of this notice in the Pennsylvania Bulletin.

MICHAEL HUMPHREYS, 
Insurance Commissioner

[Pa.B. Doc. No. 24-1870. Filed for public inspection December 27, 2024, 9:00 a.m.]


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