CIRCULARS

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Members and subscribers of the WCRIBMA are eligible to receive circular letters by email.
To be added to the email distribution list, please email your name, title, company name and email address to Yvonne Torres at ytorres@wcribma.org

RELEASE DATE	CATEGORY	TITLE	DESCRIPTION
06/27/2025	Legislative Activity	cl2447 - Department of Industrial Accidents Assessment	DIA Assessment Rates Effective July 1, 2025 are announced.
05/22/2025	Rates and Values	cl2446 - Important Filing Requirements For Workers’ Compensation Rate Deviation Filings that are Currently in Effect	The DOI has communicated that since there will be no 7/1/2025 revision of rates, there will be no automatic termination of carriers’ currently approved deviations or schedule rating plans.
05/16/2025	Rates and Values	cl2445 - Rate Filing	The Commissioner of Insurance has disapproved the WCRIBMA’s rate filing to change rates effective July 1, 2025. Therefore, there will be no change in rates and rating values.
04/22/2025	Residual Market	sb06-25 - Updated Information on Residual Market Share	Latest residual market share estimate. Data as of 4/15/25.
04/22/2025	Residual Market	sb05-25 - Residual Market Loss Ratio and Burden Estimate	The Pool Reserving Committee estimate (as of 12/31/24) of the Massachusetts loss ratio for policy year 2024 is 75% with a resulting residual market burden of 1.55%.
03/18/2025	Residual Market	sb04-25 - Policy Year 2022 Final VDAC Reapportionment	In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2022.
03/17/2025	Forms, Endorsements and Rules	cl2444 - Massachusetts Notice To Policyholder Endorsement	The Massachusetts Notice To Policyholder Endorsement has been revised effective April 1, 2025 as a result of the relocation of the Division of Insurance to their new offices.
02/28/2025	Residual Market	sb03-25 - Updated Information on Residual Market Share	Latest residual market share estimate. Data as of 2/15/25.
01/31/2025	Residual Market	sb02-25 - Residual Market Loss Ratio and Burden Estimate	The Pool Reserving Committee estimate (as of 9/30/24) of the Massachusetts loss ratio for policy year 2023 is 75% with a resulting residual market burden of 1.62%.
01/03/2025	Residual Market	sb01-25 - Massachusetts Workers' Compensation Assigned Risk Pool Plan of Operation	The Division of Insurance has approved a revised Pool Plan of Operation effective June 1, 2025.
01/03/2025	Legislative Activity	cl2443 - Department of Industrial Accidents - Online ACH Debit Payments - Updated Payment Vendor Information	The DIA is alerting carriers of a correction to their payment vendor information.