RELEASE DATE | CATEGORY | TITLE | DESCRIPTION |
05/12/2023
|
Rates and Values
|
cl2416 - Guidelines for Workers' Compensation Rate Deviation Filings to be Effective on or after July 1, 2023
|
Attached are the guidelines recently released by the Division of Insurance.
|
04/27/2023
|
Residual Market
|
sb05-23 - Updated Information on Residual Market Share
|
Latest residual market share estimate. Data as of 4/15/23.
|
04/27/2023
|
Residual Market
|
sb04-23 - Residual Market Loss Ratio and Burden Estimate
|
The Pool Reserving Committee estimate (as of 12/31/22) of the Massachusetts loss ratio for policy year 2022 is 75% with a resulting residual market burden of 1.95%.
|
04/06/2023
|
Rates and Values
|
cl2415 - Manual Rates and Rating Values Effective July 1, 2023
|
Attached find the July 1, 2023 manual rates and rating values.
|
04/06/2023
|
Rates and Values
|
cl2414 - Changes in Manual Rates by Class and Effects of July 1, 2023 Rate Change
|
Attached find the changes in manual rates by class and a summary of the effects of the July 1, 2023 rate change.
|
04/06/2023
|
Rates and Values
|
cl2413 - General Revision of Rates, Effective July 1, 2023 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, 2023 applicable to new and renewal policies.
|
03/21/2023
|
Residual Market
|
sb03-23 - Policy Year 2020 Final VDAC Reapportionment
|
In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2020.
|
02/24/2023
|
Residual Market
|
sb02-23 - Updated Information on Residual Market Share
|
Latest residual market share estimate. Data as of 2/15/23.
|
02/24/2023
|
Residual Market
|
sb01-23 - Residual Market Loss Ratio and Burden Estimate
|
The Pool Reserving Committee estimate (as of 9/30/22) of the Massachusetts loss ratio for policy year 2021 is 80% with a resulting residual market burden of 2.85%.
|
01/13/2023
|
Rates and Values
|
cl2412 - Notice of Hearing
|
The Hearing on the Rate Filing will be held virtually at 11:30 A.M., on Friday, February 3, 2023.
|
01/06/2023
|
Data Reporting
|
cl2411 - Updated Pension Table Approval
|
The Commissioner of Insurance has approved revised pension tables to be used for Unit Statistical Reporting of fatal and permanent total claims that are evaluated on or after July 1, 2023.
|
01/05/2023
|
Data Reporting
|
cl2410 - COVID-19 Pandemic Provisions Extension of Expiration Dates
|
The Division of Insurance has directed the WCRIBMA to extend the December 31, 2022 expiration dates for the COVID-19 provisions to December 31, 2023.
|