Approval of F-Classification Rates, Loss Costs and USL&HW Factor, Filing No. 2405 – Effective December 1, 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. The effective date is December 1, 2024. For more information, refer to DCRB Circular No. 1042 and Filing No. 2405.