{"id":24312,"date":"2025-10-24T16:10:17","date_gmt":"2025-10-24T16:10:17","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=845108"},"modified":"2025-10-24T16:10:17","modified_gmt":"2025-10-24T16:10:17","slug":"delaware-workers-compensation-rates-dropping-again","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2025\/10\/24\/delaware-workers-compensation-rates-dropping-again\/","title":{"rendered":"Delaware Workers\u2019 Compensation Rates Dropping Again"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/img\/social\/opengraph\/ij-social-default-1200x630.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/east\/2025\/10\/24\/845108.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/east\/2025\/10\/24\/845108.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>Delaware\u2019s workers\u2019 compensation insurance rates paid by employers will decrease for the ninth year in a row, effective December 1.<\/p>\n<p>The voluntary private market average loss costs are expected to drop by 11.6%, while the residual market for high risk businesses that can\u2019t purchase coverage in the voluntary market, will see an average rate reduction of 9.08%.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"talent,workers-comp\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>In announcing the rate decision, Insurance Commissioner Trinidad Navarro indicated that there has been \u201cmeaningful movement\u201d to the voluntary market from the residual market over the last several years.<\/p>\n<p>The announcement follows Navarro\u2019s confirmation of the Delaware Compensation Rating Bureau (DCRB) filing by independent actuaries, and a public hearing with DCRB and the State\u2019s Ratepayer Advocate. Actual savings will vary by policy.<\/p>\n<p>The latest decreases continue a downward pricing trend in the state :<\/p>\n<ul>\n<li>For December, 2024 the state approved a voluntary market average loss cost cut of 8.4%, and a residual market reduction of 9.21%.<\/li>\n<li>In December 2023, the voluntary market loss costs decreased 7.24%, while residual market rates fell 11.18%.<\/li>\n<li>In December 2022, there was an overall voluntary market decrease of 10.96%, along with revisions to rating values, and an overall decrease to residual market rates of 16.14%.<\/li>\n<li>In December 2021, the voluntary market saw an average 20.02% reduction in loss costs and there was a 20.10% decrease in residual market rates.<\/li>\n<\/ul>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/workers-comp\/\" class=\"btn btn-sm btn-primary tagtag\">Workers&#8217; Compensation<\/a> <a href=\"https:\/\/www.insurancejournal.com\/talent\/\" class=\"btn btn-sm btn-primary tagtag\">Talent<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"845108\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Talent<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments Delaware\u2019s workers\u2019 compensation insurance rates paid by employers will decrease for the ninth year in a row, effective December 1. The voluntary private market average loss costs are expected to drop&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":24313,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1718,19,1,124],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2025\/10\/delaware-workers-compensation-rates-dropping-again.png","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24312"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=24312"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/24313"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=24312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=24312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=24312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}