NEWS & UPDATES
1/10/12
NEW FEDERAL USL&HW COVERAGE SERVICE

Insurers are currently required to report coverage issued under the Longshore and Harbor Workers’ Compensation Act and its extensions, the Defense Base Act, Outer Continental Shelf Lands Act and Non-Appropriated Fund Instrumentalities Act (USL&H) by mailing a hard copy of DOL Form LS-570 to the United States Department of Labor (US DOL). The US DOL intends to eventually phase out hard copy reporting of policy information and replace it with electronic filing to the national office of the Division of Longshore and Harbor Workers’ Compensation. For more detail refer to DCRB Circular No. 873.

11/21/11
RATE AND LOSS COST CHANGE EFFECTIVE DECEMBER 1, 2011

The Insurance Department has approved an amended filing with average increases of 16.5 percent in residual market rates and 11.3 percent in voluntary market loss costs, based on the loss experience and analysis presented in the filing. For more detail refer to Bureau Circular No. 872.
08/15/11
DECEMBER 1, 2011 RESIDUAL MARKET RATE AND VOLUNTARY MARKET LOSS COST FILING – BUREAU FILING NO. 1105

The DCRB has submitted to the Delaware Department of Insurance a filing of revisions to Delaware’s Residual Market Plan, voluntary market loss costs and related rating values with a proposed effective date of December 1, 2011. The DCRB has performed an analysis that proposes an overall increase in collectible rate level of 22.30 percent for the Residual Market Plan and an overall increase in collectible loss costs of 16.81 percent for the voluntary market prior to recognition of the Court of Chancery Decision. For more detail refer to Bureau Circular No. 871.
08/1/11
AMERICAN COOPERATIVE COUNCIL ON COMPENSATION TECHNOLOGY –THE FUTURE SURVEY

A survey regarding electronic data gathering is being distributed in order to solicit input on future data collection. For more detail refer to Bureau Circular No. 870.
04/29/11
DELAWARE INSURANCE PLAN - NWCRA - EFFECTIVE JANUARY 1, 2011

The Insurance Commissioner has approved the Workers Compensation Insurance Plan in response to recommendation of the National Council on Compensation Insurance, Inc. (NCCI). DCRB also filed and the Insurance Commissioner approved Workers Compensation Insurance Plan Rules which will be published on the DCRB website (dcrb.com) under “Delaware Insurance Plan” and in a Delaware-specific section of NCCI’s Basic Manual. For more detail refer to Bureau Circular No. 869.
04/29/11
DELAWARE BASIC MANUAL REVISIONS - EFFECTIVE AUGUST 1, 2011

The Insurance Commissioner has approved Manual revisions to Codes 817, Bus (Except School Bus) Operation, and housekeeping revisions to Section 2. These revisions become effective as of 12:01 a.m., August 1, 2011 with respect to new and renewal business only. For more detail refer to Bureau Circular No. 868.