The Delaware Department of Insurance said it expects that rate cuts approved in October will save the state’s employers more than $4 million in premiums, based on its review of new filings from top workers’ compensation writers in the state.
Insurance Commissioner Trinidad Navarro last year announced a 13.29% rate cut for the voluntary market and a 12.75% reduction for the residual market, with the new rates taking effect Dec. 1.
On Thursday, the department announced that a review of new rates carriers filed since the cut found the more than 9,700 policyholders covered by the...
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