DE Insurance Commissioner Navarro Announces Ninth Consecutive Workers’ Comp Rate Decrease

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Delaware Insurance Commissioner Trinidad Navarro announced today that workers’ compensation insurance rates will decrease for the ninth year in a row, effective December 1st. 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 resort’ of coverage…

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