On September 9, 2024, the Delaware Department of Insurance approved DCRB Filing No. 2405. That filing proposed an overall change in the collectible rate level of -4.97% for US Longshore and Harbor Workers Act coverage (F-Classifications) in the residual market (Delaware Insurance Plan) and an overall change of -0.48% for the voluntary market loss costs.
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The DCRB 2023 Adjustment of Assessment has been revised. As a result, new invoices will be issued by the DCRB, which we expect to process, post to Invoice Online, and mail the week of August 26, 2024. These new invoices will replace those previously mailed and dated August 14, 2024. If you have any questions, please contact the Accounting Department at Finance@dcrb.com.
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On August 9, 2024, the DCRB submitted Filing No. 2403 to the Delaware Department of Insurance, containing a proposed overall change in loss costs of -3.98% and an overall change in residual market rates of -4.83%. Also included in this filing is proposed revisions to designated auditable payrolls. The proposed effective date is December 1, 2024. For more information, refer to DCRB Circular No. 1039 and Filing No. 2403.
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Delaware Insurance Commissioner Trinidad Navarro has approved the revised Experience Rating Plan, as filed by the Delaware Compensation Rating Bureau (DCRB), by action dated August 6, 2024. These revisions are effective on December 1, 2024, and will drive improved plan performance and better incentivize workplace safety. For complete details, please view DCRB Circular No. 1038 here.
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On July 15, the Delaware Compensation Rating Bureau submitted Filing No. 2402 - Experience Rating Plan (ERP) Revisions.
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The Delaware Compensation Rating Bureau is extending the rating window from 90 to 150 days prior to the rating effective date, introducing preliminary modifications and no longer holding modifications when there’s a pending rate change. These changes align with industry standards and enable enhanced accuracy and reduced errors.
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DCRB announces upcoming changes to the reporting requirements for the Delaware Medical Data Call.
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With an increasing payroll exposure base and declining loss costs and rates in the workers compensation system necessitating a shift, the Delaware Compensation Rating Bureau, Inc. (DCRB) is proposing extending the decimal precision of ratemaking and experience rating values from two decimal places (X.XX) to three decimal places (X.XXX) for loss costs and expected loss rates for the Annual Loss Cost Filing effective April 1, 2026.
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The Delaware Compensation Rating Bureau is pleased to announce the release of five of its annual report publications, including the 2023 Annual Report, State of the Line Report, State Activity Report, Medical Activity Report, and Opioid Supplement Report.
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DCRB will be performing system maintenance on our Production servers from 8:00 a.m. to 1:00 p.m. (EDT) on Sunday, September 15, 2024. All external sites except for DCRB.com will be affected during this time and will be inaccessible. We apologize for the inconvenience and thank you in advance for your patience.
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On September 9, 2024, the Delaware Department of Insurance approved DCRB Filing No. 2405. That filing proposed an overall change in the collectible rate level of -4.97% for US Longshore and Harbor Workers Act coverage (F-Classifications) in the residual market (Delaware Insurance Plan) and an overall change of -0.48% for the voluntary market loss costs.
Read Entry09/10/2024
DCRB will be performing system maintenance on our Production servers from 8:00 a.m. to 1:00 p.m. (EDT) on Sunday, September 15, 2024. All external sites except for DCRB.com will be affected during this time and will be inaccessible. We apologize for the inconvenience and thank you in advance for your patience.
Read Entry09/09/2024
The DCRB 2023 Adjustment of Assessment has been revised. As a result, new invoices will be issued by the DCRB, which we expect to process, post to Invoice Online, and mail the week of August 26, 2024. These new invoices will replace those previously mailed and dated August 14, 2024. If you have any questions, please contact the Accounting Department at Finance@dcrb.com.
Read Entry08/23/2024
The DCRB submitted Filing No. 2404 to the Delaware Insurance Department on August 13, 2024. Filing No. 2404 proposes housekeeping revisions to the DCRB Workers’ Compensation Manual of Rules, Classifications and Rating Values for Workers’ Compensation and Employers Liability Insurance (Basic Manual), for policies effective at 12:01 a.m., December 1, 2024, or later.
Read Entry08/14/2024
On August 9, 2024, the DCRB submitted Filing No. 2403 to the Delaware Department of Insurance, containing a proposed overall change in loss costs of -3.98% and an overall change in residual market rates of -4.83%. Also included in this filing is proposed revisions to designated auditable payrolls. The proposed effective date is December 1, 2024. For more information, refer to DCRB Circular No. 1039 and Filing No. 2403.
Read Entry08/13/2024
Delaware Insurance Commissioner Trinidad Navarro has approved the revised Experience Rating Plan, as filed by the Delaware Compensation Rating Bureau (DCRB), by action dated August 6, 2024. These revisions are effective on December 1, 2024, and will drive improved plan performance and better incentivize workplace safety.
Read Entry08/07/2024