| RELEASE DATE | CATEGORY | TITLE | DESCRIPTION |
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05/10/2022
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Rates and Values
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cl2401 - Guidelines for Workers' Compensation Rate Deviation Filings to be Effective on or after July 1, 2022
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Attached are the guidelines recently released by the Division of Insurance.
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04/27/2022
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Residual Market
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sb05-22 - Updated Information on Residual Market Share
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Latest residual market share estimate. Data as of 4/15/22.
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04/27/2022
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Residual Market
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sb04-22 - Residual Market Loss Ratio and Burden Estimate
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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%.
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04/22/2022
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Rates and Values
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cl2400 - Manual Rates and Rating Values Effective July 1, 2022
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Attached find the July 1, 2022 manual rates and rating values.
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04/22/2022
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Rates and Values
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cl2399 - Changes in Manual Rates by Class and Effects of July 1, 2022 Rate Change
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Attached find the changes in manual rates by class and a summary of the effects of the July 1, 2022 rate change.
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04/22/2022
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Rates and Values
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cl2398 - General Revision of Rates, Effective July 1, 2022 Applicable to New and Renewal Business
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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.
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03/18/2022
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Residual Market
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sb03-22 - Policy Year 2019 Final VDAC Reapportionment
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In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2019.
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03/01/2022
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Residual Market
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sb02-22 - Updated Information on Residual Market Share
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Latest residual market share estimate. Data as of 2/15/22.
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01/27/2022
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Residual Market
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sb01-22 - Residual Market Loss Ratio and Burden Estimate
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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%.
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01/14/2022
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Rates and Values
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cl2397 - Notice of Hearing
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The Hearing on the Rate Filing will be held virtually at 10:00 A.M., on Friday, February 4, 2022.
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01/03/2022
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Data Reporting
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cl2396 - Revisions to the Massachusetts Workers’ Compensation Statistical Plan and Experience Rating Plan
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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.
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01/03/2022
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Data Reporting
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cl2395 - Revisions to Manual Rules Related to the Covid-19 Pandemic - Extension of Expiration Date
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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.
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