April 1, 2017 Loss Cost Filing
On November 17, 2016, the PCRB submitted a loss cost filing to the Pennsylvania Insurance Department. That filing, designated as Proposal C-368, proposed revisions to loss costs and related rating values effective April 1, 2017. The overall average change in loss costs in that filing was -6.80%.
NOTE: On December 1, 2016, the PCRB submitted corrections related to Proposal C-368 to the Pennsylvania Insurance Department. The overall average change in loss costs in the corrected filing was -6.21%.
A complete listing of the proposals and supporting information comprising the PCRB’s corrected April 1, 2017 loss cost filing appears below. Clicking on each listed item will allow you to review and/or download the filing materials as needed.
Copies of the filing material may be printed once the item(s) in question have been accessed. (Note: In total the filing is quite voluminous. Some of the individual items listed below contain many pages. Before printing be sure that you understand the magnitude of the file(s) you will be printing and how your system and equipment will respond to and/or be affected by a print command.)
| Filing Letter | |
| Actuarial Memorandum | |
| Brown Book | |
| Discussion of Casualty Actuarial Society's "Statement of Principles Regarding Property and Casualty Unpaid Claims Estimates" | |
| Index and Supporting Classification Exhibits | |
| Class Book | |
| Exhibit 1 | Indicated Change in Loss Costs |
| Exhibit 5 | Table I - Summary of Financial Call Data |
| Exhibit 6 | Paid & Incurred Loss Development & Trend |
| Exhibit 7 | Tail Factors for Loss Development |
| Exhibit 8 | Claim Frequencies |
| Exhibit 10 | Graphs of Indemnity and Medical Loss Ratios |
| Exhibit 13 | Loss Based Assessments and Employer Assessment Factor |
| Exhibit 14 | Pennsylvania Construction Classification Premium Adjustment Program (PCCPAP) |
| Exhibit 15 | Merit Rating Plan Off-Balance Indications |
| Exhibit 16 | Pennsylvania Certified Safety Committee Program Offset |
| Exhibit 17 | Loss Cost Formulae |
| Exhibit 18a | Review of Experience Rating Plan Results - Uncapped Experience Modification Values |
| Exhibit 18b | Review of Experience Rating Plan Results - Capped Experience Modification Values |
| Exhibit 19 | Review of Experience Rating Plan Parameters |
| Exhibit 20a | Table II |
| Exhibit 20b | Table III |
| Exhibit 20c | Table IV |
| Exhibit 22 | Empirical Pennsylvania Loss Distribution |
| Exhibit 23 | Excess Loss (Pure Premium) Factors |
| Exhibit 24 | State & Hazard Group Relativities |
| Exhibit 25 | Loss Elimination Ratios |
| Exhibit 26 | Retrospective Development Factors |
| Exhibit 27 | Table B |
| Exhibit 28 | Loss Costs and Expected Loss Factors |
| Exhibit 29 | Tests of Indicated & Selected Loss Costs |
| Exhibit 30 | Distribution of Loss Cost Percentage Changes |
| Exhibit 34 | Evaluation of House Bill 1846 of 2014 |