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DCRB Releases Updated Multi-Bureau Evaluation of Mega Claims

The Delaware Compensation Rating Bureau Inc. (DCRB), in collaboration with nine other workers compensation rating bureaus, has jointly released Countrywide Mega Claims: Accident Years 2001–2021. This study is an update of a 2020 analysis produced in response to stakeholder concerns about the relative frequency and cost of mega claims. The reported frequency of mega claims has increased in recent years, but this may be partially due to faster recognition of mega claims.

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Scheduled System Maintenance

DCRB system maintenance has concluded. All of the web sites and services are back online. Thank you for your patience.

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DCRB President William Taylor Retirement Announcement / CEO Search

William (Bill) Taylor, President of the Delaware Compensation Rating Bureau, since July 2015, has informed the Governing Board that he will be retiring February 2026. 

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New Prescription Drugs Report Highlights Decreasing Overall Use Among Workers Compensation Claims in Delaware

Fewer workers compensation claims are involving prescription drugs according to a new report from the Delaware Compensation Rating Bureau (DCRB), Prescription Drug Trends in Delaware Workers’ Compensation: 2012-2022. This comprehensive analysis offers critical insights into the evolving landscape of prescription drug usage and costs within the state's workers' compensation system.

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Approval of DCRB Filing No. 2404 – Basic Manual Housekeeping Revisions to Section 2 Effective December 1, 2024

The Delaware Insurance Department has approved DCRB Filing No. 2404 regarding housekeeping revisions to Section 2 of the Delaware Workers’ Compensation Manual of Rules, Classifications and Rating Values for Workers’ Compensation and Employers Liability Insurance (Basic Manual), for policies effective 12:01 a.m., December 1, 2024, or later. The effective date of these changes aligns with the DCRB’s annual comprehensive residual market rate and voluntary market loss cost filing, which was approved by the Department of Insurance for policies effective at 12:01 a.m., December 1, 2024, and later (DCRB Circular No. 1043, dated October 15, 2024). This coordination will consolidate necessary changes that the DCRB’s members and other constituents must make to policies, forms, and systems.

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Approval of Workers Compensation Residual Market Rates, Voluntary Market Loss Costs, and Changes to Auditable Payrolls

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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DCRB Releases Updated Multi-Bureau Evaluation of Mega Claims

The Delaware Compensation Rating Bureau Inc. (DCRB), in collaboration with nine other workers compensation rating bureaus, has jointly released Countrywide Mega Claims: Accident Years 2001–2021. This study is an update of a 2020 analysis produced in response to stakeholder concerns about the relative frequency and cost of mega claims. The reported frequency of mega claims has increased in recent years, but this may be partially due to faster recognition of mega claims.

Read Entry

12/12/2024

news

DCRB President William Taylor Retirement Announcement / CEO Search

William (Bill) Taylor, President of the Delaware Compensation Rating Bureau, since July 2015, has informed the Governing Board that he will be retiring February 2026.

Read Entry

11/15/2024

news

New Prescription Drugs Report Highlights Decreasing Overall Use Among Workers Compensation Claims in Delaware

Fewer workers compensation claims are involving prescription drugs according to a new report from the Delaware Compensation Rating Bureau (DCRB), Prescription Drug Trends in Delaware Workers’ Compensation: 2012-2022. This comprehensive analysis offers critical insights into the evolving landscape of prescription drug usage and costs within the state's workers' compensation system.

Read Entry

10/30/2024

news

Approval of DCRB Filing No. 2404 – Basic Manual Housekeeping Revisions to Section 2 Effective December 1, 2024

The Delaware Insurance Department has approved DCRB Filing No, 2404 regarding housekeeping revisions to Section 2 of the Delaware Workers’ Compensation Manual of Rules, Classifications and Rating Values for Workers’ Compensation and Employers Liability Insurance (Basic Manual), for policies effective 12:01 a.m., December 1, 2024, or later. The effective date of these changes aligns with the DCRB’s annual comprehensive residual market rate and voluntary market loss cost filing, which was approved by the Department of Insurance for policies effective at 12:01 a.m., December 1, 2024, and later (DCRB Circular No. 1043, dated October 15, 2024). This coordination will consolidate necessary changes that the DCRB’s members and other constituents must make to policies, forms, and systems.

Read Entry

10/25/2024

news

DCRB 2023 Financial Statements & Assessments Now Available

The DCRB has published the 2023 audited financial statements along with the adjustment of assessment.

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10/16/2024

news

Approval of Workers Compensation Residual Market Rates, Voluntary Market Loss Costs, and Changes to Auditable Payrolls

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 Entry

10/15/2024

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