CIRCULARS

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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 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.