Posts Tagged ‘Workers Compensation Insurance Rates’
DE Insurance Commissioner Navarro Announces Ninth Consecutive Workersâ Comp Rate Decrease
Delaware Insurance Commissioner Trinidad Navarro announced today that workersâ 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 âlast resortâ of coverage…
Read MoreUPDATE: Workers’ Compensation Insurance Rates in Delaware to Decrease for Seventh Year in a Row
UPDATE 10/12/23: The final Workers’ Comp rates have been approved. Commissioner Navarro has announced that additional decreases have been negotiated from the initial filing: Residual Market: Average decrease of 13.85% Voluntary Market: Average decrease of 10.03% The approval follows a review of the Delaware Compensation Rating Bureau (DCRB) filing by independent actuaries and a public…
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