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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 complete the Circular Letter Distribution List Request form and email it to Yvonne Torres at ytorres@wcribma.org
RELEASE DATECATEGORYTITLEDESCRIPTION
11/02/2022 Residual Market sb11-22 - Residual Market Loss Ratio and Burden Estimate 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%.
11/02/2022 Residual Market sb10-22 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 10/15/22.
11/02/2022 Residual Market sb09-22 - 2021 Voluntary Assessable Premium The Calendar Year 2021 Voluntary Assessable Premium Bases have been finalized.
10/10/2022 Data Reporting cl2408 - Massachusetts Indemnity Data Call and Medical Data Call Eligibility The WCRIBMA’s Governing Committee authorized expanding the eligibility requirements for the Massachusetts Medical and Indemnity Data Calls.
10/06/2022 Rates and Values cl2407 - Basis of Premium – Taxi Cab Companies, Effective October 1, 2022, Applicable to New and Renewal Business The basis of premium for taxicab operators without verifiable payroll records is announced.
10/06/2022 Rates and Values cl2406 - Payroll Determination for Sole Proprietors, Partners of Legal Partnerships & Members of an LLC, Effective October 1, 2022, Applicable to New and Renewal Business 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.
10/06/2022 Rates and Values cl2405 - Adjusted Individual Payroll Limitations, Effective October 1, 2022, Applicable to New and Renewal Business The individual payroll limitations for executive officers and classifications 9186, 9178 and 9179, effective October 1, 2022 are announced.
10/06/2022 Legislative Activity cl2404 - Maximum and Minimum Weekly Compensation Rates; COLA Payment and Reimbursement Schedules; and Attorneys’ Fee Schedule, Effective October 1, 2022 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.
10/03/2022 Miscellaneous cl2403 - Governing Committee Membership: 2023-2024 Term 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.
08/30/2022 Residual Market sb08-22 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 8/15/22.
07/20/2022 Residual Market sb07-22 - Residual Market Loss Ratio and Burden Estimate 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%.
06/30/2022 Residual Market sb06-22 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 6/15/22.
06/29/2022 Legislative Activity cl2402 - Department of Industrial Accidents Assessment DIA Assessment rates effective July 1, 2022 are announced.
05/10/2022 Rates and Values cl2401 - Guidelines for Workers' Compensation Rate Deviation Filings to be Effective on or after July 1, 2022 Attached are the guidelines recently released by the Division of Insurance.
04/27/2022 Residual Market sb05-22 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 4/15/22.
04/27/2022 Residual Market sb04-22 - Residual Market Loss Ratio and Burden Estimate 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%.
04/22/2022 Rates and Values cl2400 - Manual Rates and Rating Values Effective July 1, 2022 Attached find the July 1, 2022 manual rates and rating values.
04/22/2022 Rates and Values cl2399 - Changes in Manual Rates by Class and Effects of July 1, 2022 Rate Change Attached find the changes in manual rates by class and a summary of the effects of the July 1, 2022 rate change.
04/22/2022 Rates and Values cl2398 - General Revision of Rates, Effective July 1, 2022 Applicable to New and Renewal Business 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.
03/18/2022 Residual Market sb03-22 - Policy Year 2019 Final VDAC Reapportionment In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2019.
03/01/2022 Residual Market sb02-22 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 2/15/22.
01/27/2022 Residual Market sb01-22 - Residual Market Loss Ratio and Burden Estimate 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%.
01/14/2022 Rates and Values cl2397 - Notice of Hearing The Hearing on the Rate Filing will be held virtually at 10:00 A.M., on Friday, February 4, 2022.
01/03/2022 Data Reporting cl2396 - Revisions to the Massachusetts Workers’ Compensation Statistical Plan and Experience Rating Plan 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.
01/03/2022 Data Reporting cl2395 - Revisions to Manual Rules Related to the Covid-19 Pandemic - Extension of Expiration Date 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.
The Workers' Compensation Rating and Inspection Bureau of Massachusetts
101 Arch Street, 5th Floor
Boston, MA 02110