The following is a timeline of the 2024 Rate Filing Process with links to the underlying documents.

DECEMBER

12/22/2023 - The WCRIBMA submits a Rate Filing (Filing) to the Division of Insurance on behalf of its members recommending an 8.3% decrease in average rates for industrial classes. The WCRIBMA filed no change to expense constants. The proposed effective date of this filing is July 1, 2024.

12/22/2023 - Circular announces submission of the Rate Filing and a Pending Premium Change Endorsement (Circular Letter #2425).

JANUARY

01/16/2024 - The WCRIBMA issues a Circular with the Notice of Hearing (Circular Letter #2426).

JUNE

06/07/2024 - The WCRIBMA issues a Circular with guidelines for Workers' Compensation Rate Deviation Filings (Circular Letter #2428).

JULY

07/01/2024 - The Commissioner of Insurance ordered a general revision of rates and the WCRIBMA issues a Circular with a copy of the Commissioners' Decision (Circular Letter #2430).

07/01/2024 - The WCRIBMA issues a Circular with Changes in Manual Rates by Class and Effects of July 1, 2024 Rate Change (Circular Letter #2431).

07/01/2024 - The WCRIBMA issues a Circular with Manual Rates and Rating Values effective July 1, 2024 (Circular Letter #2432).