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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
07/02/2024 Residual Market sb06-24 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 6/15/24.
07/01/2024 Rates and Values cl2432 - Manual Rates and Rating Values Effective July 1, 2024 Attached find the July 1, 2024 manual rates and rating values.
07/01/2024 Rates and Values cl2431 - Changes in Manual Rates by Class and Effects of July 1, 2024 Rate Change Attached find the changes in manual rates by class and a summary of the effects of the July 1, 2024 rate change.
07/01/2024 Rates and Values cl2430 - General Revision of Rates, Effective July 1, 2024 Applicable to New and Renewal Business The Commissioner of Insurance has ordered a general revision of workers’ compensation rates, effective 12:01 A.M., July 1, 2024, applicable to new and renewal policies.
06/27/2024 Legislative Activity cl2429 - Department of Industrial Accidents Assessment DIA Assessment rates effective July 1, 2024 are announced.
06/07/2024 Rates and Values cl2428 - Guidelines for Workers' Compensation Rate Deviation Filings to be Effective on or after July 1, 2024 Attached are the guidelines recently released by the Division of Insurance.
04/25/2024 Residual Market sb05-24 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 12/31/23) of the Massachusetts loss ratio for policy year 2023 is 75% with a resulting residual market burden of 1.70%.
04/25/2024 Residual Market sb04-24 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 4/15/24.
03/19/2024 Residual Market sb03-24 - Policy Year 2021 Final VDAC Reapportionment In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2021.
02/28/2024 Residual Market sb02-24 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 2/15/24.
02/06/2024 Residual Market sb01-24 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 9/30/23) of the Massachusetts loss ratio for policy year 2022 is 75% with a resulting residual market burden of 1.73%.
01/24/2024 Data Reporting cl2427 - Sunsetting of COVID-19 Pandemic Provisions The WCRIBMA and DOI have established an end date of December 31, 2023 for certain COVID-19 provisions.
01/16/2024 Rates and Values cl2426 - Notice of Hearing The Hearing on the Rate Filing will be held virtually at 11:00 A.M., on Wednesday, February 7, 2024.
The Workers' Compensation Rating and Inspection Bureau of Massachusetts
101 Arch Street, 5th Floor
Boston, MA 02110