Navarro Announces Ninth Consecutive Workers’ Comp Rate Decrease
Insurance Commissioner Trinidad Navarro announced today that workers’ compensation insurance rates will decrease for the ninth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 11.6%, and the residual market will see an average rate reduction of 9.08%. Residual markets are often seen as the ‘last […]
Department of Insurance Releases 2024 Data
Annual year-in-review shows continued success for Delaware consumers The Delaware Department of Insurance’s 105 team members are highlighting key achievements from their service to Delaware residents in 2024 including consumer assistance, attraction of new companies, expansions of coverage, supporting enhanced primary care access, and substantial funds contributed to the state. “Our team’s annual report provides […]
Navarro Announces Eighth Consecutive Workers’ Comp Rate Decrease
Additionally, Workplace Safety Program eligibility changes will help more companies stay safe and save money Insurance Commissioner Trinidad Navarro announced today that workers’ compensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 8.4%, and the residual market will […]
Navarro Announces Seventh Consecutive Workers’ Comp Rate Decrease
New rates will be effective December 1 UPDATE: Following a review of the Delaware Compensation Rating Bureau (DCRB) filing by independent actuaries and a public hearing with DCRB and the State’s Ratepayer Advocate, the final Workers’ Comp rates have been approved. Commissioner Navarro is proud to announce that additional decreases have been negotiated from the […]
Update: Sixth Consecutive Workers’ Comp Rate Decrease Announced
Double-digit drop will be effective December 1 Insurance Commissioner Trinidad Navarro announced today that workers’ compensation insurance rates will decrease for the sixth year in a row, effective December 1, 2022. Both the voluntary market and the residual market will see rate decreases in the double digits. “Lowering worker’s compensations costs time and time again […]
