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DCRB President William Taylor Retirement Announcement / CEO Search

William (Bill) Taylor, President of the Delaware Compensation Rating Bureau, since July 2015, has informed the Governing Board that he will be retiring February 2026.

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11/15/2024

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New Prescription Drugs Report Highlights Decreasing Overall Use Among Workers Compensation Claims in Delaware

Fewer workers compensation claims are involving prescription drugs according to a new report from the Delaware Compensation Rating Bureau (DCRB), Prescription Drug Trends in Delaware Workers’ Compensation: 2012-2022. This comprehensive analysis offers critical insights into the evolving landscape of prescription drug usage and costs within the state's workers' compensation system.

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10/30/2024

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Approval of DCRB Filing No. 2404 – Basic Manual Housekeeping Revisions to Section 2 Effective December 1, 2024

The Delaware Insurance Department has approved DCRB Filing No, 2404 regarding housekeeping revisions to Section 2 of the Delaware Workers’ Compensation Manual of Rules, Classifications and Rating Values for Workers’ Compensation and Employers Liability Insurance (Basic Manual), for policies effective 12:01 a.m., December 1, 2024, or later. The effective date of these changes aligns with the DCRB’s annual comprehensive residual market rate and voluntary market loss cost filing, which was approved by the Department of Insurance for policies effective at 12:01 a.m., December 1, 2024, and later (DCRB Circular No. 1043, dated October 15, 2024). This coordination will consolidate necessary changes that the DCRB’s members and other constituents must make to policies, forms, and systems.

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10/25/2024

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DCRB 2023 Financial Statements & Assessments Now Available

The DCRB has published the 2023 audited financial statements along with the adjustment of assessment.

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10/16/2024

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Approval of Workers Compensation Residual Market Rates, Voluntary Market Loss Costs, and Changes to Auditable Payrolls

The Delaware Department of Insurance has approved DCRB Amended Filing No. 2403, with overall changes of -9.21% in residual market rates and -8.40% in voluntary market loss costs.

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10/15/2024

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New Resources Available Detailing Delaware Experience Rating Plan Update

In support of the first significant update to Delaware’s Experience Rating Plan (ERP) in 20 years, the Delaware Compensation Rating Bureau (DCRB) has revised its website with additional resources for insurance carriers, agents and brokers, and employers to better understand what is changing and how they will be impacted.

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09/27/2024