DCRB 2023 Financial Statements & Assessments Now Available
The DCRB has published the 2023 audited financial statements along with the adjustment of assessment.
Read Entry10/16/2024
The Delaware Department of Insurance has approved DCRB Amended Filing No. 2403, with overall changes of -9.21% in residual market rates and -8.40% in voluntary market loss costs.
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The Delaware Compensation Rating Bureau (DCRB) is transitioning to a four-digit display for all classification codes. This aligns DCRB’s classification code display with the national approach and with most carrier systems, which are already programmed to accommodate four-digit classification codes.
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On September 9, 2024, the Delaware Department of Insurance approved DCRB Filing No. 2405. That filing proposed an overall change in the collectible rate level of -4.97% for US Longshore and Harbor Workers Act coverage (F-Classifications) in the residual market (Delaware Insurance Plan) and an overall change of -0.48% for the voluntary market loss costs.
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The DCRB 2023 Adjustment of Assessment has been revised. As a result, new invoices will be issued by the DCRB, which we expect to process, post to Invoice Online, and mail the week of August 26, 2024. These new invoices will replace those previously mailed and dated August 14, 2024. If you have any questions, please contact the Accounting Department at Finance@dcrb.com.
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Delaware Insurance Commissioner Trinidad Navarro has approved the revised Experience Rating Plan, as filed by the Delaware Compensation Rating Bureau (DCRB), by action dated August 6, 2024. These revisions are effective on December 1, 2024, and will drive improved plan performance and better incentivize workplace safety. For complete details, please view DCRB Circular No. 1038 here.
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The DCRB has published the 2023 audited financial statements along with the adjustment of assessment.
Read Entry10/16/2024
The Delaware Department of Insurance has approved DCRB Amended Filing No. 2403, with overall changes of -9.21% in residual market rates and -8.40% in voluntary market loss costs.
Read Entry10/15/2024
In support of the first significant update to Delaware’s Experience Rating Plan (ERP) in 20 years, the Delaware Compensation Rating Bureau (DCRB) has revised its website with additional resources for insurance carriers, agents and brokers, and employers to better understand what is changing and how they will be impacted.
Read Entry09/27/2024
In a landmark move to boost workplace safety and deliver financial relief to businesses across the state, Delaware Governor John Carney has signed Senate Bill 306 into law. This pivotal legislation, championed by Delaware Insurance Commissioner Trinidad Navarro and the Delaware Insurance Department, is set to revolutionize the Delaware Workplace Safety Program (WSP) and the Experience Rating Plan (ERP), ensuring more employers can protect their workers while enjoying significant savings.
Read Entry09/26/2024
The Delaware Compensation Rating Bureau (DCRB) is transitioning to a four-digit display for all classification codes. This aligns DCRB’s classification code display with the national approach and with most carrier systems, which are already programmed to accommodate four-digit classification codes. This transition is already reflected in various DCRB documents as part of our recent data management system update. For complete details, please view Information Bulletin #012.
Read Entry09/24/2024
On September 9, 2024, the Delaware Department of Insurance approved DCRB Filing No. 2405. That filing proposed an overall change in the collectible rate level of -4.97% for US Longshore and Harbor Workers Act coverage (F-Classifications) in the residual market (Delaware Insurance Plan) and an overall change of -0.48% for the voluntary market loss costs.
Read Entry09/10/2024