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Workers comp rates set to jump in February

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Pennsylvania's top insurance official has OKed one of the largest hikes in 25 years in workers compensation premiums paid by Pennsylvania employers.

The increase of 6.06 percent is set to take effect on Feb. 1.

In addition to its size, the increase is unusual because it is one of few made outside the typical annual rate changes in April. It addresses what some expect to be sharply higher workers comp costs following a state Supreme Court ruling in June.

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