NJCRIB Delays Annual Rate Filing

The New Jersey Compensation Rating and Inspection Bureau on Monday announced that it will delay its annual rate filing due to the uncertainty surrounding the pandemic. “During the fall, the rating bureau typically submits a filing to revise classification rates effective at the beginning of the next year,” NJCRIB said in Advisory Bulletin No. 79. “Because the effects of the COVID-19 pandemic on the New Jersey workers’ compensation market are not yet fully known, however, the Governing Committee has decided to delay the annual rate filing, which the rating bureau antici...