Delaware Insurance Commissioner Karen Weldin Stewart Announces Decision on DCRB Workers’ Compensation Rate Filing
Delaware Insurance Commissioner Karen Weldin Stewart announces today that based on the agreement between the Delaware Department of Insurance, the Delaware Compensation Rating Bureau and the Ratepayer Advocate, she has approved the re-submission of the Delaware Compensation Rating Bureau (DCRB) workers’ compensation rate filing regarding the residual market rate and the voluntary market loss cost.
Commissioner Stewart Announces the Appointment of the Workers’ Compensation Ratepayer Advocate for the State of Delaware
Insurance Commissioner Karen Weldin Stewart announces the retention of Fred Townsend, Esquire as “ratepayer advocate” for the upcoming workers’ compensation rate filing.
Governor Jack Markell announced this week that he has asked Lieutenant Governor Matt Denn to head the state’s new Workers’ Compensation Task Force created by HJR3, established by the General Assembly and Governor to address the 26% increase in average workers compensation rates over the last two years.
Commissioner Stewart approved an amended filing submitted by the Delaware Compensation Rating Bureau, Inc. (DCRB) which proposed an overall average increase of 14.6 percent in voluntary market loss costs and 19 percent in residual market rates.
The Delaware Department of Insurance Announces Public Information Sessions Related to Proposed Increase in Workers’ Compensation Rates
Dover – The Delaware Department of Insurance will be conducting public information sessions regarding the rate increase proposed by the Delaware Compensation Rating Bureau (DCRB). The purpose of these sessions is to inform the public on the process as it pertains to the rate filing of the DCRB (Workers’ Compensation). Members of the DCRB and […]