More State of Delaware workers compensation rate decreases on the way

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In case you were't aware, the Delaware Compensation Rating Bureau (DCRB) recently filed to stop the further pending rate decreases to workers compensation mandated by the Delaware Insurance Commissioner's office. The DCRB had disputed the cost savings that were to be realized by the medical savings containment measures in Sentate Bill 1 of the 144th Delaware General Assembly. Ruling against the DCRB on July 24th, the Delaware Chancery Court and the Supreme Court upheld the pending rate decreases as previously set forth by the commissioner's office. Hopefully the cost containment measures put into place by Senate Bill 1 will realize the savings projected in the bill. If not, the prior and pending rate decreases may be for naught, since the obvious fix may be the reversal of these rate decreases, putting us in the same place as before.
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