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Hearing on Proposed 4% Rate Cut Set for Feb. 3

Wednesday, January 18, 2023 | 0

The Workers’ Compensation Rating and Inspection Bureau of Massachusetts announced that the Division of Insurance is holding a virtual public hearing Feb. 3 on a proposed 4% workers’ compensation rate cut. The WCRIB in December proposed the 4% decrease in average rates for industrial classes and a 9.8% decrease for F-classes. The proposed effective date is July 1. The virtual public hearing is at 11:30 a.m. Feb. 3.  The Division of Insurance said anyone who wants to submit written statements or comment during the hearing must submit a notice of intent by email no later than ...

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