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 Entry11/15/2024
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 Entry10/30/2024
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 Entry10/25/2024
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
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.
Read Entry08/23/2024
The DCRB submitted Filing No. 2404 to the Delaware Insurance Department on August 13, 2024. Filing No. 2404 proposes housekeeping revisions to the DCRB Workers’ Compensation Manual of Rules, Classifications and Rating Values for Workers’ Compensation and Employers Liability Insurance (Basic Manual), for policies effective at 12:01 a.m., December 1, 2024, or later.
Read Entry08/14/2024
On August 9, 2024, the DCRB submitted Filing No. 2403 to the Delaware Department of Insurance, containing a proposed overall change in loss costs of -3.98% and an overall change in residual market rates of -4.83%. Also included in this filing is proposed revisions to designated auditable payrolls. The proposed effective date is December 1, 2024. For more information, refer to DCRB Circular No. 1039 and Filing No. 2403.
Read Entry08/13/2024
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.
Read Entry08/07/2024
The DCRB is announcing updates to the Delaware Workers Compensation Insurance Plan that includes the rollout of electronic application submission and electronic deposit premium payment and adds consistency and clarity to Plan language.
Read Entry08/05/2024
On July 15, the Delaware Compensation Rating Bureau submitted Filing No. 2402 - Experience Rating Plan (ERP) Revisions. Recent reviews of the ERP recognized some deterioration in the performance and opportunities to enhance the plan.
Read Entry07/22/2024
The Delaware Compensation Rating Bureau is extending the rating window from 90 to 150 days prior to the rating effective date, introducing preliminary modifications and no longer holding modifications when there’s a pending rate change. These changes align with industry standards and enable enhanced accuracy and reduced errors.
Read Entry06/17/2024
DCRB announces upcoming changes to the reporting requirements for the Delaware Medical Data Call.
Read Entry06/03/2024
With an increasing payroll exposure base and declining loss costs and rates in the workers compensation system necessitating a shift, the Delaware Compensation Rating Bureau, Inc. (DCRB) is proposing extending the decimal precision of ratemaking and experience rating values from two decimal places (X.XX) to three decimal places (X.XXX) for loss costs and expected loss rates for the Annual Loss Cost Filing effective December 1, 2026.
Read Entry05/16/2024
The Pennsylvania Compensation Rating Bureau (PCRB) and Delaware Compensation Rating Bureau, Inc. (DCRB) are pleased to announce that their Second Annual Workers Compensation Symposium (WCS) will be held on Thursday, May 1, 2025, in Philadelphia.
Read Entry05/06/2024
The Delaware Compensation Rating Bureau is pleased to announce the release of five of its annual report publications, including the 2023 Annual Report, State of the Line Report, State Activity Report, Medical Activity Report, and Opioid Supplement Report.
Read Entry05/03/2024
Delaware Compensation Rating Bureau members met for the DCRB’s 106th Annual Meeting on April 18, 2024. DCRB President and Chief Executive Officer Bill Taylor presided over the election of Governing Board and Committee members.
Read Entry04/26/2024
The DCRB solicited, on behalf of the Nominating Committee, nominations for insurer and employer representatives to the DCRB's Governing Board, Classification and Rating Committee, Actuarial Committee, and Nominating Committee.
Read Entry03/01/2024
The Delaware Compensation Rating Bureau's Annual Meeting of its Membership will be held at 8:45 a.m. on Thursday, April 18, 2024, at Convene City View, on the 13th Floor of the Duane Morris Building at 30 South 17th Street, Philadelphia, Pennsylvania.
Read Entry02/23/2024
The Pennsylvania Compensation Rating Bureau (PCRB) and Delaware Compensation Rating Bureau (DCRB) have created a new industry event, the PCRB & DCRB Workers Compensation Symposium (WCS), set to debut on April 18, 2024 in Philadelphia. Registration is now open and will end on April 5.
Read Entry02/15/2024
The annual reviews of Schedule Rating Plans, Workplace Safety Program and Construction Classification Premium Adjustment Program are now available.
Read Entry02/14/2024
The Pennsylvania Compensation Rating Bureau (PCRB) and Delaware Compensation Rating Bureau (DCRB) announce the inaugural Workers Compensation Symposium (WCS): Evolving With Data and Artificial Intelligence, a groundbreaking event set for April 18 that marks the beginning of a new era for the bureaus and for the entire workers compensation insurance industry.
Read Entry01/26/2024
In a series of ongoing improvements, the Delaware Compensation Rating Bureau (DCRB) announces a new enhancement to the Delaware Insurance Plan Manager (DIPM) application tool. Effective January 29, 2024, agents and employers can now conveniently pay their deposit premiums using credit cards.
Read Entry01/24/2024
The Delaware Compensation Rating Bureau (DCRB) has released its first Medical Treatment Statistics Report. Based on policy years 2018-2020, the report highlights workers compensation data for office and physical medicine visits, surgery, prescription drugs, and prescriptions with opioids.
Read Entry12/06/2023
As previously announced in DCRB Circular 1025, there will be a new reporting requirement for a series of Calendar-Accident Year Calls. Additional information is now available in the Financial section under the Data Reporting tab of our website.
Read Entry10/26/2023
The Delaware Department of Insurance has approved DCRB Amended Filing No. 2304, with overall changes of -13.85% in residual market rates and -10.03% in voluntary market loss costs.
Read Entry10/12/2023
To provide clarity around the rate approval filing processes, the Delaware Compensation Rating Bureau (DCRB) is issuing this information bulletin to notify members that the recent passage of Delaware House Bill No. 228 does not impact workers compensation insurance, and thus, all filing procedures for insurer workers compensation loss cost multiplier filings remain unchanged.
Read Entry09/28/2023
The Delaware Compensation Rating Bureau, Inc. (DCRB), a trusted, essential, and objective data collection organization supporting a healthy workers compensation system, is introducing a new form of communication for its membership.
Read Entry08/09/2023
The DCRB has published the 2022 audited financial statements along with the adjustment of assessment.
Read Entry08/07/2023
On August 2, 2023, the DCRB submitted Filing No. 2304 to the Delaware Department of Insurance, containing a proposed overall change in loss costs of -7.24% and an overall change in residual market rates of -11.18%.
Read Entry08/03/2023
The DCRB has developed a new web application for Residual Market policy application submission called the Delaware Insurance Plan Manager (DIPM). DIPM is now available to all registered agent and employer users effective May 22, 2023.
Read Entry05/23/2023
The DCRB has published its collection of 2022 annual reports. This includes the Annual Report, State of the Line, State Activity, COVID-19 Activity, and two Medical Activity reports.
Read Entry04/21/2023
The Delaware Department of Insurance has approved DCRB Filings No. 2301 and No. 2302 which contained revisions to the DE Basic Manual and DE Statistical Plan Manual provisions related to the COVID-19.
Read Entry04/19/2023
The DCRB submitted Filing No. 2301 to the Delaware Department of Insurance containing proposed revisions to the DE Basic Manual provisions related to the COVID-19.
Read Entry03/30/2023
In preparation for the release of the newly redesigned Delaware Insurance Plan Manager (DIPM), the DCRB is introducing new user roles for Delaware Agents and Delaware Employers.
Read Entry03/27/2023
The DCRB and PCRB have opened registration for this year’s Annual Meeting of its membership. The meeting returns to an in-person program on April 20, 2023, at the Sonesta Hotel, in Philadelphia, Pennsylvania.
Read Entry03/10/2023
The DCRB is pleased to announce the upcoming launch of our newly created web application, the Delaware Insurance Plan Manager (DIPM) for Residual Market policy application submission. The DIPM application is set to launch on May 22, 2023.
Read Entry03/09/2023
The annual reviews of Schedule Rating Plans, Workplace Safety Program and Construction Classification Premium Adjustment Program are now available.
Read Entry02/16/2023
The DCRB, in collaboration with a number of other workers compensation rating bureaus, has released Phase II of a comprehensive analysis on COVID-19’s impact on the Workers Compensation system.
Read Entry11/15/2022