| RELEASE DATE | CATEGORY | TITLE | DESCRIPTION |
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03/31/2020
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Data Reporting
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cl2365 - COVID-19 Nature of Injury, Cause of Injury, and Catastrophe Codes
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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.
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03/31/2020
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Rates and Values
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cl2364 - Manual Rates and Rating Values Effective July 1, 2020
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Attached find the July 1, 2020 manual rates and rating values.
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03/31/2020
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Rates and Values
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cl2363 - Changes in Manual Rates by Class and Effects of July 1, 2020 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, 2020 rate change.
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03/31/2020
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Rates and Values
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cl2362 - General Revision of Rates, Effective July 1, 2020 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, 2020 applicable to new and renewal policies.
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03/24/2020
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Miscellaneous
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cl2361 - Emergency Measures in Response to the Coronavirus Pandemic
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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.
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03/17/2020
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Residual Market
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sb03-20 - Policy Year 2017 Final VDAC Reapportionment
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In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2017.
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02/25/2020
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Residual Market
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sb02-20 - Updated Information on Residual Market Share
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Latest residual market share estimate. Data as of 2/16/20.
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02/25/2020
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Forms, Endorsements and Rules
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cl2360 - Professional Employer Organizations
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The Division of Insurance has approved the WCRIBMA’s filing which proposed to establish rules and
endorsements for Professional Employer Organizations.
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02/04/2020
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Residual Market
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sb01-20 - Residual Market Loss Ratio and Burden Estimate
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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%.
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01/10/2020
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Forms, Endorsements and Rules
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cl2359 - Manage Ownership Web-Based Tool
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The WCRIBMA is pleased to announce that the Manage Ownership tool is now available under the Tools & Services section of our website.
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