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Pennsylvania OKs 6.06% hike in workers comp premiums

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Jessica Altman, Pennsylvania’s acting Insurance Commissioner, has approved a 6.06% increase in workers compensation premiums.

The Pennsylvania Insurance Department reviewed a proposal from the Pennsylvania Compensation Rating Bureau and found it appropriate following a June state Supreme Court ruling that barred impairment rating evaluations, according to a PID spokesman.

The rate increase is effective Feb. 1, 2018.