DANA was present last evening representing the nonprofit
sector at the Wilmington Public Meeting on Workers Compensation Insurance,
hosted by the Delaware Department of Insurance. The program began with
the Department’s Gene Reed giving opening remarks and introducing the Delaware
Compensation Rating Bureau’s (DCRB) Tim Wisecarver who described the DCRB’s
Filing No. 1305 requesting an average 40% increase in the Workers Compensation
rates for 2014. This was followed by comments from the "Rate Payers
Advocate” and their actuary (position created by the Governor’s Task Force and
legislation this past June). This Advocate and their Actuary recommends
an average 20% increase. This was followed by a presentation by the
Delaware Department of Insurance’s Actuary who recommended an average increase
of 20% as well.
The program concluded with the Delaware Department of
Insurance’s Gene Reed announcing that a Public Administrative Hearing will be
announced on the Department’s website and will be presided over by the Hon.
Judge Martin. The Judge will make a recommendation to the Insurance
Commissioner, Karen Weldin Stewart, who will render a final decision on any
There will be an opportunity for the public to make
statements at the Public Administrative Hearing and DANA will be there.
Meanwhile, the Governor’s Task Force on Workers Compensation
Insurance continues to meet to develop a course forward that is fiscally
responsible and continues to support Delaware’s economic recovery.
always, if you have any questions please feel free to reach out to me.