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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
05/27/2020 Forms, Endorsements and Rules cl2369 - Terrorism Risk Insurance Program Reauthorization Act of 2019 The Division of Insurance approved the WCRIBMA’s Filing in response to the Terrorism Risk Insurance Program Reauthorization Act of 2019 (“TRIPRA 2019”).
05/21/2020 Rates and Values cl2368 - Updated Guidelines for Workers’ Compensation Rate Deviation Filings to be Effective on or after July 1, 2020 The guidelines announced in Circular Letter 2366 have been updated to allow increased flexibility in the current Massachusetts workers’ compensation environment.
05/14/2020 Forms, Endorsements and Rules cl2367 - Updated to Reflect New PEO Rules - Clarification Regarding the Issuance and Reporting of Policies Issued to Employee Leasing Companies, Professional Employer Organizations, Staffing Firms & Temporary Employment Agencies This is an update to Circular Letter 2338, Clarification Regarding the Issuance and Reporting of Policies Issued to Employee Leasing Companies, Professional Employer Organizations, Staffing Firms & Temporary Employment Agencies, dated September 28, 2018 in light of the new laws and rules applicable to Professional Employer Organizations which were announced in Circular Letter 2360, dated February 25, 2020.
04/22/2020 Residual Market sb05-20 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 4/15/20.
04/13/2020 Residual Market sb04-20 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 12/31/19) of the Massachusetts loss ratio for policy year 2019 is 73% with a resulting residual market burden of 1.98%.
04/08/2020 Rates and Values cl2366 - Guidelines for Workers' Compensation Rate Deviation Filings to be Effective on or after July 1, 2020 Attached are the guidelines recently released by the Division of Insurance.
03/31/2020 Data Reporting cl2365 - COVID-19 Nature of Injury, Cause of Injury, and Catastrophe Codes The Workers’ Compensation Insurance Organizations have established a Catastrophe Number and added a Nature of Injury Code and Cause of Injury Code for claims attributed to COVID-19 with accident dates of 12/1/2019 and subsequent.
03/31/2020 Rates and Values cl2364 - Manual Rates and Rating Values Effective July 1, 2020 Attached find the July 1, 2020 manual rates and rating values.
03/31/2020 Rates and Values cl2363 - Changes in Manual Rates by Class and Effects of July 1, 2020 Rate Change Attached find the changes in manual rates by class and a summary of the effects of the July 1, 2020 rate change.
03/31/2020 Rates and Values cl2362 - General Revision of Rates, Effective July 1, 2020 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, 2020 applicable to new and renewal policies.
03/24/2020 Miscellaneous cl2361 - Emergency Measures in Response to the Coronavirus Pandemic Due to the Governor’s declaration of a state of emergency and at the direction of the Division of Insurance, the WCRIBMA is relaxing the Performance Standards for Assigned Carriers and related Pool Procedures in order to give all Pool carriers the flexibility to address the concerns of their policyholders who can demonstrate that they have been materially impacted by the ongoing COVID-19 health crisis.
03/17/2020 Residual Market sb03-20 - Policy Year 2017 Final VDAC Reapportionment In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2017.
02/25/2020 Residual Market sb02-20 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 2/16/20.
02/25/2020 Forms, Endorsements and Rules cl2360 - Professional Employer Organizations The Division of Insurance has approved the WCRIBMA’s filing which proposed to establish rules and endorsements for Professional Employer Organizations.
02/04/2020 Residual Market sb01-20 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 9/30/19) of the Massachusetts loss ratio for policy year 2018 is 70% with a resulting residual market burden of 1.54%.
01/10/2020 Forms, Endorsements and Rules cl2359 - Manage Ownership Web-Based Tool The WCRIBMA is pleased to announce that the Manage Ownership tool is now available under the Tools & Services section of our website.
The Workers' Compensation Rating and Inspection Bureau of Massachusetts
101 Arch Street, 5th Floor
Boston, MA 02110