NEWS
The Pennsylvania Insurance Commissioner has approved PCRB Filing No. 344, which revises designated auditable payrolls and increased the auditable payroll maximum multiplier for executive officers from 2.5 times to 4 times the Statewide Average Weekly Wage (SAWW), for policies effective at 12:01 a.m., April 1, 2025, or later. This effective date is intended to coincide with the implementation of changes concurrent with the PCRB’s annual comprehensive loss cost filing, which will be submitted to the Insurance Department in the next couple of weeks.
Read full details in PCRB Circular No. 1813 here.