| RELEASE DATE | CATEGORY | TITLE | DESCRIPTION |
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11/02/2022
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Residual Market
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sb11-22 - Residual Market Loss Ratio and Burden Estimate
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The Pool Reserving Committee estimate (as of 6/30/22) of the Massachusetts loss ratio for policy year 2021 is 80% with a resulting residual market burden of 2.82%.
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11/02/2022
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Residual Market
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sb10-22 - Updated Information on Residual Market Share
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Latest residual market share estimate. Data as of 10/15/22.
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11/02/2022
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Residual Market
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sb09-22 - 2021 Voluntary Assessable Premium
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The Calendar Year 2021 Voluntary Assessable Premium Bases have been finalized.
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10/10/2022
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Data Reporting
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cl2408 - Massachusetts Indemnity Data Call and Medical Data Call Eligibility
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The WCRIBMA’s Governing Committee authorized expanding the eligibility requirements for the Massachusetts Medical and Indemnity Data Calls.
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10/06/2022
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Rates and Values
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cl2407 - Basis of Premium – Taxi Cab Companies, Effective October 1, 2022, Applicable to New and Renewal Business
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The basis of premium for taxicab operators without verifiable payroll records is announced.
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10/06/2022
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Rates and Values
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cl2406 - Payroll Determination for Sole Proprietors, Partners of Legal Partnerships & Members of an LLC, Effective October 1, 2022, Applicable to New and Renewal Business
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Effective October 1, 2022, the basis of premium to be used for premium determination for sole proprietors, partners, and members of an LLC who elect to be covered as employees is $64,300.
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10/06/2022
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Rates and Values
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cl2405 - Adjusted Individual Payroll Limitations, Effective October 1, 2022, Applicable to New and Renewal Business
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The individual payroll limitations for executive officers and classifications 9186, 9178 and 9179, effective October 1, 2022 are announced.
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10/06/2022
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Legislative Activity
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cl2404 - Maximum and Minimum Weekly Compensation Rates; COLA Payment and Reimbursement Schedules; and Attorneys’ Fee Schedule, Effective October 1, 2022
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Attached is a copy of the DIA's Circular Letter No. 358, dated October 3, 2022, entitled: COLA Payment and Reimbursement Schedules; Maximum and Minimum Weekly Compensation Rates; and Attorneys’ Fee Schedule.
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10/03/2022
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Miscellaneous
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cl2403 - Governing Committee Membership: 2023-2024 Term
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The WCRIBMA is asking that any membership company that is interested in serving on the Governing Committee for the 2023-2024 term fill out the Govering Committee representative form.
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08/30/2022
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Residual Market
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sb08-22 - Updated Information on Residual Market Share
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Latest residual market share estimate. Data as of 8/15/22.
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07/20/2022
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Residual Market
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sb07-22 - Residual Market Loss Ratio and Burden Estimate
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The Pool Reserving Committee estimate (as of 3/31/22) of the Massachusetts loss ratio for policy year 2021 is 80% with a resulting residual market burden of 2.79%.
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06/30/2022
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Residual Market
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sb06-22 - Updated Information on Residual Market Share
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Latest residual market share estimate. Data as of 6/15/22.
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06/29/2022
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Legislative Activity
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cl2402 - Department of Industrial Accidents Assessment
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DIA Assessment rates effective July 1, 2022 are announced.
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05/10/2022
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Rates and Values
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cl2401 - Guidelines for Workers' Compensation Rate Deviation Filings to be Effective on or after July 1, 2022
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Attached are the guidelines recently released by the Division of Insurance.
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04/27/2022
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Residual Market
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sb05-22 - Updated Information on Residual Market Share
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Latest residual market share estimate. Data as of 4/15/22.
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04/27/2022
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Residual Market
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sb04-22 - Residual Market Loss Ratio and Burden Estimate
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The Pool Reserving Committee estimate (as of 12/31/21) of the Massachusetts loss ratio for policy year 2021 is 85% with a resulting residual market burden of 3.98%.
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04/22/2022
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Rates and Values
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cl2400 - Manual Rates and Rating Values Effective July 1, 2022
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Attached find the July 1, 2022 manual rates and rating values.
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04/22/2022
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Rates and Values
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cl2399 - Changes in Manual Rates by Class and Effects of July 1, 2022 Rate Change
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Attached find the changes in manual rates by class and a summary of the effects of the July 1, 2022 rate change.
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04/22/2022
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Rates and Values
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cl2398 - General Revision of Rates, Effective July 1, 2022 Applicable to New and Renewal Business
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The Commissioner of Insurance has approved a Stipulation for the general revision of workers' compensation rates, effective 12:01 AM, July 1, 2022 applicable to new and renewal policies.
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03/18/2022
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Residual Market
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sb03-22 - Policy Year 2019 Final VDAC Reapportionment
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In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2019.
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03/01/2022
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Residual Market
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sb02-22 - Updated Information on Residual Market Share
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Latest residual market share estimate. Data as of 2/15/22.
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01/27/2022
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Residual Market
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sb01-22 - Residual Market Loss Ratio and Burden Estimate
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The Pool Reserving Committee estimate (as of 9/30/21) of the Massachusetts loss ratio for policy year 2020 is 68% with a resulting residual market burden of 0.62%.
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01/14/2022
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Rates and Values
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cl2397 - Notice of Hearing
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The Hearing on the Rate Filing will be held virtually at 10:00 A.M., on Friday, February 4, 2022.
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01/03/2022
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Data Reporting
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cl2396 - Revisions to the Massachusetts Workers’ Compensation Statistical Plan and Experience Rating Plan
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The Division of Insurance has approved the WCRIBMA’s Filing to extend the accident date range of Catastrophe Number
12 within the Massachusetts Workers’ Compensation Statistical Plan and the Experience Rating Plan to include accidents out to December 31, 2022.
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01/03/2022
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Data Reporting
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cl2395 - Revisions to Manual Rules Related to the Covid-19 Pandemic - Extension of Expiration Date
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The Division of Insurance has approved the WCRIBMA’s Filing to extend the December 31, 2021 expiration date to December 31, 2022 for rules that were established or revised as a result of the COVID-19 (coronavirus) pandemic.
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