William (Bill) Taylor, President of the Pennsylvania Compensation Rating Bureau, since July 2015, has informed the Governing Board that he will be retiring February 2026.
Read Entry11/15/2024
Eligible insurance carriers can request refunds of 2009 Workers Compensation Security Fund assessments through February 24, 2025, according to a recent announcement from the Pennsylvania Insurance Department.
Read Entry11/05/2024
Fewer workers compensation claims are involving prescription drugs according to a new report from the Pennsylvania Compensation Rating Bureau (PCRB), Prescription Drug Trends in Pennsylvania Workers’ Compensation: 2012-2022. This comprehensive analysis offers critical insights into the evolving landscape of prescription drug usage and costs within the state's workers' compensation system.
Read Entry10/30/2024
The PCRB has published the 2023 audited financial statements along with the adjustment of assessment.
Read Entry10/16/2024
The Pennsylvania Compensation Rating Bureau (PCRB) is transitioning to a four-digit display for all classification codes. This aligns PCRB’s classification code display with the national approach and with most carrier systems, which are already programmed to accommodate four-digit classification codes. This transition is already reflected in various PCRB documents as part of our recent data management system update. For complete details, please view Information Bulletin #019.
Read Entry09/23/2024
Recently, the Pennsylvania Supreme Court has agreed to review a significant dispute over the appropriate proper prescription drug fee schedule for resolving workers' compensation payment disputes. The outcome of this review could reshape the prescription drug pricing standards in Pennsylvania workers' compensation cases.
Read Entry09/18/2024
The PCRB submitted Filing No. 344 to the Pennsylvania Department of Insurance on August 30, 2024. Filing No. 344 proposes contains revisions to the Designated Auditable Payroll language with updated manual pages in Section 1 and Section 2 of the Basic Manual.
Read Entry09/03/2024
The PCRB’s 2023 Adjustment of Assessment has been revised. As a result, new invoices will be issued by the PCRB, which we expect to process, post to Invoice Online, and mail the week of August 26, 2024. These new invoices will replace those previously mailed and dated August 14, 2024. If you have any questions, please contact the Accounting Department at [email protected].
Read Entry08/23/2024
The PCRB submitted Filing No. 343 to the Pennsylvania Department of Insurance on August 14, 2024. Filing No. 343 proposes housekeeping revisions to the PCRB Workers’ Compensation Manual of Rules, Classifications and Rating Values for Workers’ Compensation and Employers Liability Insurance (Basic Manual), for policies effective at 12:01 a.m., April 1, 2025, or later.
Read Entry08/15/2024
The Pennsylvania Compensation Rating Bureau is extending the rating window from 90 to 150 days prior to the rating effective date, introducing preliminary modifications and no longer holding modifications when there’s a pending rate change. These changes align with industry standards and enable enhanced accuracy and reduced errors.
Read Entry06/17/2024
PCRB announces upcoming changes to the reporting requirements for the Pennsylvania Medical Data Call.
Read Entry06/03/2024
The Pennsylvania Compensation Rating Bureau (PCRB) and Delaware Compensation Rating Bureau, Inc. (DCRB) are pleased to announce that their Second Annual Workers Compensation Symposium (WCS) will be held on Thursday, May 1, 2025, in Philadelphia.
Read Entry05/06/2024
The Pennsylvania Compensation Rating Bureau is pleased to announce the release of five of its annual report publications, including the 2023 Annual Report, State of the Line Report, State Activity Report, Medical Activity Report, and Opioid Supplement Report.
Read Entry05/03/2024
Pennsylvania Compensation Rating Bureau members met for the PCRB’s 108th Annual Meeting on April 18, 2024. PCRB President and Chief Executive Officer Bill Taylor presided over the election of Governing Board and Committee members.
Read Entry04/26/2024
The Pennsylvania Compensation Rating Bureau (PCRB) is proposing to extend the decimal precision of ratemaking and experience rating values from two decimal places (X.XX) to three decimal places (X.XXX) for loss costs and expected loss rates. This change will be included in the Annual Loss Cost Filing effective April 1, 2026.
Read Entry04/04/2024
The Pennsylvania Insurance Commissioner has approved the PCRB’s proposed Pennsylvania Construction Classification Premium Adjustment Program Manual Revisions.
Read Entry04/03/2024
The PCRB solicited, on behalf of the Nominating Committee, nominations for insurer and employer representatives to the PCRB's Governing Board, Classification and Rating Committee, Actuarial Committee, Audit Committee, and Nominating Committee.
Read Entry03/01/2024
The Pennsylvania Compensation Rating Bureau's Annual Meeting of its Membership will be held at 8:30 a.m. on Thursday, April 18, 2024, at Convene City View, on the 13th Floor of the Duane Morris Building at 30 South 17th Street, Philadelphia, Pennsylvania.
Read Entry02/23/2024
The Pennsylvania Compensation Rating Bureau (PCRB) and Delaware Compensation Rating Bureau (DCRB) have created a new industry event, the PCRB & DCRB Workers Compensation Symposium (WCS), set to debut on April 18, 2024 in Philadelphia. Registration is now open and will end on April 5.
Read Entry02/15/2024
The annual reviews of Schedule Rating Plans, Certified Safety Committee Program and Construction Classification Premium Adjustment Program are now available.
Read Entry02/14/2024
The recently revamped and modernized Experience Rating Worksheet went live on January 25, 2024, and is available for all new ratings effective on April 1, 2024, or after. The worksheet, which was updated for the first time in more than 25 years in concert with the revised Experience Rating Plan, is more user-friendly and effective with improved usability and transparency.
Read Entry01/29/2024
The Pennsylvania Compensation Rating Bureau’s (PCRB) annual Loss Cost Filing, which continues a trend of decreasing workers compensation insurance costs, was approved by the Pennsylvania Insurance Commissioner on January 23, 2024. The loss costs and related rating values, as filed, will take effect on a new and renewal policies effective April 1, 2024.
Read Entry01/26/2024
The Pennsylvania Compensation Rating Bureau (PCRB) and Delaware Compensation Rating Bureau (DCRB) announce the inaugural Workers Compensation Symposium (WCS): Evolving With Data and Artificial Intelligence, a groundbreaking event set for April 18 that marks the beginning of a new era for the bureaus and for the entire workers compensation insurance industry.
Read Entry01/26/2024
The Pennsylvania Insurance Commissioner has approved the PCRB’s proposed loss costs and other rating values, as filed. Also included in this filing are revisions to Designated Auditable Payrolls and Section 1 Basic Manual Language Amendments. This filing becomes effective as of 12:01 a.m., April 1, 2024.
Read Entry01/23/2024
The Pennsylvania Compensation Rating Bureau (PCRB) has revamped and modernized the Experience Rating Worksheet, making it more user-friendly and effective.
Read Entry01/08/2024
The Pennsylvania Compensation Rating Bureau (PCRB) has entered into a partnership with Cloverleaf Analytics to establish a unified data platform that utilizes internal and external data, setting a new standard for workers compensation analytics and revolutionizing PCRB’s relationships with its 400-plus members.
Read Entry12/18/2023
The Pennsylvania Compensation Rating Bureau (PCRB) has released its first Medical Treatment Statistics Report. Based on policy years 2018-2020, the report highlights workers compensation data for office and physical medicine visits, surgery, prescription drugs, and prescriptions with opioids.
Read Entry12/06/2023
The Pennsylvania Compensation Rating Bureau (PCRB) announces it has hired Tom Notaro as a Project Manager. Having built an impressive track record via several leadership and project manager roles in the healthcare and financial services industries, Notaro will be charged with establishing a Project Management Office at PCRB, improving the organization’s ability to deliver projects that add value.
Read Entry11/29/2023
On November 27, 2023, the PCRB submitted Filing No. C-383 to the Pennsylvania Insurance Department, containing a proposed overall loss cost change of -7.88%. Also, included in this filing are proposed revisions to Designated Auditable Payrolls and changes to Sections 1 & 2 of the Basic Manual. The proposed effective date is April 1, 2024. For more information, refer to PCRB Circular No. 1800 and Filing No. C-383.
Read Entry11/29/2023
As previously announced in PCRB Circular 1798, there will be a new reporting requirement for a series of Calendar-Accident Year Calls. Additional information is now available in the Financial section under the Data Reporting tab of our website.
Read Entry10/26/2023
Roxanne Walker, Senior Field Operations Analyst-Technical Services at Pennsylvania Compensation Rating Bureau, has been named Chapter Chair for the Mid-Atlantic Region of the National Society of Insurance Premium Auditors (NSIPA).
Read Entry09/21/2023
The Pennsylvania Compensation Rating Bureau (PCRB) announces hiring Joe Petrucci as its first Communications and Marketing Manager. Petrucci, a former journalist with a broad and dynamic communications and marketing background, will expand and amplify the organization’s content and is charged with standardizing PCRB’s communications and branding.
Read Entry09/07/2023
The Pennsylvania Compensation Rating Bureau (PCRB) is pleased to announce that Jesse Marass has successfully fulfilled the examination requirements to become an Associate of the Casualty Actuarial Society (ACAS). As a result, PCRB has promoted Marass to Director of Actuarial Services.
Read Entry08/30/2023
The Pennsylvania Insurance Commissioner has approved, as filed, the PCRB's proposed Pennsylvania Experience Rating Plan Revisions. This filing becomes effective as of 12:01 a.m., April 1, 2024 with respect to new and renewal policies having Rating Effective Dates (RED) on or after that date.
Read Entry08/22/2023
Corporations registered in Pennsylvania can be sued in Pennsylvania state courts irrespective of the location of the corporation’s headquarters or where the claim arose.
Read Entry08/16/2023
The Pennsylvania Compensation Rating Bureau (PCRB), a trusted, essential, and objective data collection organization supporting a healthy workers compensation system, is introducing a new form of communication for its membership.
Read Entry08/09/2023
The PCRB has published the 2022 audited financial statements along with the adjustment of assessment.
Read Entry08/07/2023
The PCRB submitted Filing No. 340 to the Pennsylvania Insurance Department containing proposed revisions to the PA Experience Rating Plan (ERP). The proposed effective date is April 1, 2024.
Read Entry06/30/2023
The Pennsylvania Insurance Department has approved PCRB Filings No. 338 and No. 339 which contained revisions to the PA Basic Manual and PA Statistical Plan Manual provisions related to the COVID-19.
Read Entry04/24/2023
The PCRB has published its collection of 2022 annual reports. This includes the Annual Report, State of the Line, State Activity, COVID-19 Activity, and two Medical Activity reports.
Read Entry04/21/2023
The Pennsylvania Insurance Commissioner has approved the PCRB’s proposed Pennsylvania Construction Classification Premium Adjustment Program Manual Revisions. This filing becomes effective as of 12:01 a.m., October 1, 2023 with respect to new and renewal business only.
Read Entry03/30/2023
The PCRB submitted Filing No. 338 to the Pennsylvania Insurance Department containing proposed revisions to the PA Basic Manual provisions related to the COVID-19.
Read Entry03/30/2023
The DCRB and PCRB have opened registration for this year’s Annual Meeting of its membership. The meeting returns to an in-person program on April 20, 2023, at the Sonesta Hotel, in Philadelphia, Pennsylvania.
Read Entry03/10/2023
The annual reviews of Schedule Rating Plans, Certified Safety Committee Program and Construction Classification Premium Adjustment Program are now available.
Read Entry02/16/2023
The Pennsylvania Insurance Commissioner has approved the PCRB’s proposed loss costs and other rating values, as filed for state act coverages and federal classifications. These filings become effective as of 12:01 a.m., April 1, 2023.
Read Entry01/27/2023
On December 2, 2022, the PCRB submitted Filing No. C-381 to the Pennsylvania Insurance Department, containing a proposed overall change in loss costs of -3.33%.
Read Entry12/07/2022
On December 5, 2022, the PCRB submitted Filing No. C-382 to the Pennsylvania Insurance Department, containing proposed rating values for US Longshore and Harbor Workers Act coverage (F-Classifications).
Read Entry12/07/2022