Hi All –
Since 2012, and as one of our continued Public Policy Agenda items again in 2015, DANA has been working to limit growth in Workers Compensation Insurance (WCI) rates. We attended the weekly meetings of the Governor’s Task Force on Workers Comp. Insurance, which was chaired by Lt. Governor Denn, as a representative of the nonprofit sector in Delaware.
In addition to the Governor's Task Force, we've discussed the matter with legislators, as well as colleagues at the Chambers of Commerce. We have also given testimony at the public hearings in 2013, 2014, and will again next week.
With all that in mind, I wanted to pass along the notice below from the Insurance Commissioner.
Please always know that we at DANA are closely watching this issue on your behalf.
As always, if you’d like to talk about this with me please give me a call at 302.777.5500 or email me at firstname.lastname@example.org
NOTICE OF PUBLIC HEARING
DELAWARE COMPENSATION RATING BUREAU FILING 1502
INSURANCE COMMISSIONER KAREN WELDIN STEWART, CIR-ML, hereby gives notice that a PUBLIC HEARING will be held on Wednesday, November 4, 2015 and Thursday, November 5, 2015 beginning at 10:00 a.m., in the auditorium on the Mezzanine level of the Carvel State Office Building, 820 North French Street, Wilmington, DE 19801. Although the Hearing has been scheduled to be held over the course of two days, the first day (November 4, 2015) will be reserved for the receipt of oral comments from members of the public, and the second day (November 5, 2015) will be reserved for the introduction of evidence by the parties to the proceeding. If all parties agree, introduction of evidence by the parties may begin on the first day.
The purpose of the hearing is to consider whether the Delaware Compensation Rating Bureau (DCRB) Filing No. 1502 dated August 28, 2015, complies with applicable law and should be allowed to go into effect, or whether the filing should be disapproved. The filing requests an overall increase in involuntary market rates of approximately 14.92% and an overall increase in the voluntary market loss costs of approximately 15.03%. The filing and other related public documents are available on the State of Delaware Department of Insurance website at http://www.delawareinsurance.gov/departments/documents/dockets/.
The hearing will be conducted pursuant to applicable law, including without limitation 18 Del. C. §§ 2605 and 2610 and 29 Del. C. §§10121-29. The docket number assigned to this hearing is 2916-2015. The Honorable Joshua W. Martin,
III, has been appointed to serve as the Hearing Officer.
A party has the right to present evidence, be represented by Delaware counsel, and appear personally or by other representative. The Delaware Department of Insurance is obligated to reach its decision based on the evidence received.
Comments are being solicited from any person. Comments may be in writing or may be presented orally at the Hearing. Written comments must be received no later than Wednesday, October 28, 2015 by 4:30 p.m., and should be addressed to the attention of Rhonda West, Regulatory Specialist, Delaware Department of Insurance, 841 Silver Lake Boulevard, Dover, DE 19904. Also, those intending to provide oral comments at the hearing must notify Rhonda West at (302) 674-7379 or DOI_WorkersComp@state.de.us, no later than 4:30 p.m., Wednesday, October 28, 2015.