The Delaware Department of Insurance has scheduled a hearing on Jan. 12 and 13 to receive public comment on proposed rate decreases for workers’ compensation insurance, Insurance Commissioner Karen Weldin Stewart announced in a release.
In October, the Delaware Compensation Rating Bureau proposed a voluntary loss-cost market decrease of 3.52% and a residual market decrease of 1.56% that would have gone into effect on Dec. 1, 2014. But on Dec. 2, DCRB advised its members that the filing was still under review by the insurance department and the state’s ratepayer advocate.
The depa...
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