Delaware News

Commissioner Schedules Workers’ Compensation Rate Hearing

Insurance Commissioner | Date Posted: Tuesday, December 30, 2014


Picture of the Seal of the Delaware State Insurance Commissioner

Commissioner Schedules Workers’ Compensation Rate Hearing

Decreases in rates supported by independent actuaries

DOVER, DE – Insurance Commissioner Karen Weldin Stewart announced today that the Department of Insurance has scheduled a public hearing for January 12 and 13, 2015, to receive public comment on proposed rate decreases for Workers’ Compensation insurance for the upcoming year.

 

Commissioner Stewart has received filings from Milliman, Inc. and INS Consultants, Inc., two independent actuaries engaged by the DOI, and by a third independent actuary, AIS Risk Consultants, working for Delaware’s Ratepayer Advocate. All agree that an overall reduction in both residual market rates and in voluntary market loss costs, as proposed by the Delaware Compensation Rating Bureau under Filing No. 1404, is in order. All documents are available on the DOI website at www.delawareinsurance.gov

 

Public hearings on the filings are scheduled for Monday and Tuesday, January 12 and 13, at 9:30 a.m. in the Carvel State Office Building at 9th and French Streets in Wilmington. January 12 will be reserved for the receipt of oral comments from members of the public, and January 13 will be reserved for the introduction of evidence by the parties to the proceeding. If all parties agree, introduction of evidence by the parties may begin on the first day.

 

Public comment may be in writing or may be presented orally at the Hearing. Written comments must be received no later than Monday, January 5, 2015 by 4:30 p.m., and should be addressed to the attention of Nicole Holecek, Paralegal, Delaware Department of Insurance, 841 Silver Lake Boulevard, Dover, DE 19904. Also, those intending to provide oral comments at the hearing must notify Nicole Holecek at 302.674.7316 or Nicole.Holecek@delaware.gov, no later than 4:30 p.m., Monday, January 5, 2015.

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For more info contact Jerry Grant at 302-674-7303

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Commissioner Schedules Workers’ Compensation Rate Hearing

Insurance Commissioner | Date Posted: Tuesday, December 30, 2014


Picture of the Seal of the Delaware State Insurance Commissioner

Commissioner Schedules Workers’ Compensation Rate Hearing

Decreases in rates supported by independent actuaries

DOVER, DE – Insurance Commissioner Karen Weldin Stewart announced today that the Department of Insurance has scheduled a public hearing for January 12 and 13, 2015, to receive public comment on proposed rate decreases for Workers’ Compensation insurance for the upcoming year.

 

Commissioner Stewart has received filings from Milliman, Inc. and INS Consultants, Inc., two independent actuaries engaged by the DOI, and by a third independent actuary, AIS Risk Consultants, working for Delaware’s Ratepayer Advocate. All agree that an overall reduction in both residual market rates and in voluntary market loss costs, as proposed by the Delaware Compensation Rating Bureau under Filing No. 1404, is in order. All documents are available on the DOI website at www.delawareinsurance.gov

 

Public hearings on the filings are scheduled for Monday and Tuesday, January 12 and 13, at 9:30 a.m. in the Carvel State Office Building at 9th and French Streets in Wilmington. January 12 will be reserved for the receipt of oral comments from members of the public, and January 13 will be reserved for the introduction of evidence by the parties to the proceeding. If all parties agree, introduction of evidence by the parties may begin on the first day.

 

Public comment may be in writing or may be presented orally at the Hearing. Written comments must be received no later than Monday, January 5, 2015 by 4:30 p.m., and should be addressed to the attention of Nicole Holecek, Paralegal, Delaware Department of Insurance, 841 Silver Lake Boulevard, Dover, DE 19904. Also, those intending to provide oral comments at the hearing must notify Nicole Holecek at 302.674.7316 or Nicole.Holecek@delaware.gov, no later than 4:30 p.m., Monday, January 5, 2015.

###

 

For more info contact Jerry Grant at 302-674-7303

image_printPrint

Related Topics:  , , , , ,


Graphic that represents delaware news on a mobile phone

Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.