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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
08/25/2023 Residual Market sb08-23 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 8/15/23.
08/15/2023 Forms, Endorsements and Rules cl2418 - Removal of the Audit Noncompliance Charge The DOI has approved the WCRIBMA's filing to remove the Audit Noncompliance Charge rule, endorsement and statistical code.
07/14/2023 Residual Market sb07-23 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 3/31/23) of the Massachusetts loss ratio for policy year 2022 is 75% with a resulting residual market burden of 1.72%.
06/30/2023 Legislative Activity cl2417 - Department of Industrial Accidents Assessment DIA Assessment rates effective July 1, 2023 are announced.
06/28/2023 Residual Market sb06-23 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 6/15/23.
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.
The Workers' Compensation Rating and Inspection Bureau of Massachusetts
101 Arch Street, 5th Floor
Boston, MA 02110