Delaware Insurance Commissioner Matt Denn has asked Delaware businesses to submit requests for classification changes for workers’ compensation. According to Denn, some business owners have said they have been grouped with industries that have higher risks resulting in higher workers’ compensation rates. He suggests that new classification groups might allow them to be rated more accurately.
His request comes as overall rates are going up. Denn recently approved increases of 8.1 percent in residual market rates and 7.1 percent in voluntary market loss costs to be effective Dec. 1, 2005.
Topics Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Sting Operation Alleges Roofer Damaged Shingles to File Claim 
UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges 
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics From This Issue
