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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 email your name, title, company name and email address to Yvonne Torres at ytorres@wcribma.org
RELEASE DATECATEGORYTITLEDESCRIPTION
10/03/2024 Rates and Values cl2438 - Basis of Premium – Taxi Cab Companies, Effective October 1, 2024, Applicable to New and Renewal Business The basis of premium for taxicab operators without verifiable payroll records is announced.
10/03/2024 Rates and Values cl2437 - Payroll Determination for Sole Proprietors, Partners of Legal Partnerships & Members of an LLC, Effective October 1, 2024, Applicable to New and Renewal Business Effective October 1, 2024, the basis of premium to be used for premium determination for sole proprietors, partners, and members of an LLC who elect to be covered as employees is $66,600.
10/03/2024 Rates and Values cl2436 - Adjusted Individual Payroll Limitations, Effective October 1, 2024, Applicable to New and Renewal Business The individual payroll limitations for executive officers and classifications 9186, 9178 and 9179, effective October 1, 2024 are announced.
10/02/2024 Legislative Activity cl2435 - Maximum and Minimum Weekly Compensation Rates; COLA Payment and Reimbursement Schedules; and Attorneys’ Fee Schedule, Effective October 1, 2024 Attached is a copy of the DIA's Circular Letter No. 361, dated October 1, 2024, entitled: COLA Payment and Reimbursement Schedules; Maximum and Minimum Weekly Compensation Rates; and Attorneys’ Fee Schedule.
10/01/2024 Miscellaneous cl2434 - Governing Committee Membership: 2025-2026 Term The WCRIBMA is asking that any membership company that is interested in serving on the Governing Committee for the 2025-2026 term fill out the Govering Committee representative form.
09/11/2024 Legislative Activity cl2433 - Department of Industrial Accidents - Reminder - Revised Workers Compensation Notice to Employee Poster The DIA is reminding carriers that on or before September 16, 2024, all employers must utilize and repost the revised Notice to Employee poster.
08/21/2024 Residual Market sb08-24 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 8/15/24.
07/31/2024 Residual Market sb07-24 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 3/31/24) of the Massachusetts loss ratio for policy year 2023 is 75% with a resulting residual market burden of 1.62%.
07/02/2024 Residual Market sb06-24 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 6/15/24.
07/01/2024 Rates and Values cl2432 - Manual Rates and Rating Values Effective July 1, 2024 Attached find the July 1, 2024 manual rates and rating values.
07/01/2024 Rates and Values cl2431 - Changes in Manual Rates by Class and Effects of July 1, 2024 Rate Change Attached find the changes in manual rates by class and a summary of the effects of the July 1, 2024 rate change.
07/01/2024 Rates and Values cl2430 - General Revision of Rates, Effective July 1, 2024 Applicable to New and Renewal Business The Commissioner of Insurance has ordered a general revision of workers’ compensation rates, effective 12:01 A.M., July 1, 2024, applicable to new and renewal policies.
06/27/2024 Legislative Activity cl2429 - Department of Industrial Accidents Assessment DIA Assessment rates effective July 1, 2024 are announced.
06/07/2024 Rates and Values cl2428 - Guidelines for Workers' Compensation Rate Deviation Filings to be Effective on or after July 1, 2024 Attached are the guidelines recently released by the Division of Insurance.
04/25/2024 Residual Market sb05-24 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 12/31/23) of the Massachusetts loss ratio for policy year 2023 is 75% with a resulting residual market burden of 1.70%.
04/25/2024 Residual Market sb04-24 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 4/15/24.
03/19/2024 Residual Market sb03-24 - Policy Year 2021 Final VDAC Reapportionment In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2021.
02/28/2024 Residual Market sb02-24 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 2/15/24.
02/06/2024 Residual Market sb01-24 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 9/30/23) of the Massachusetts loss ratio for policy year 2022 is 75% with a resulting residual market burden of 1.73%.
01/24/2024 Data Reporting cl2427 - Sunsetting of COVID-19 Pandemic Provisions The WCRIBMA and DOI have established an end date of December 31, 2023 for certain COVID-19 provisions.
01/16/2024 Rates and Values cl2426 - Notice of Hearing The Hearing on the Rate Filing will be held virtually at 11:00 A.M., on Wednesday, February 7, 2024.
The Workers' Compensation Rating and Inspection Bureau of Massachusetts
101 Arch Street, 5th Floor
Boston, MA 02110