NCC Chamber Members Unite Against Worker's Compensation Increase

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Subject: NCC Chamber Members Unite Against Worker's Compensation Increase

The Delaware Compensation Ratings Bureau has proposed to increase workmanâs compensation rates (paid by Delawareâs employers) by 45.53 percent in the residual market, and 38.27 percent in the voluntary market, on top of a pending 5% increase.

These proposed increases could not come at a worse time and would be crippling to Delaware businesses. Even an increase of roughly half the Bureauâs proposed amount would be unsustainable for many Delaware employers.

In light of the medical cost controls implemented under Senate Bill 1, The Workers Compensation Reform Act, the substantial unemployment of the last four years, particularly in the manufacturing and construction sectors, and the reduction in the overall number of workers compensation claims, this onerous rate increase cannot be justified.

We respectfully request that the Insurance Commissioner reject the Bureauâs proposal and conduct a formal inquiry into the reasons for the substantial variance between their rate filing and the conclusions of independent actuarial analysis. We also urge her, to the extent possible, to keep any pending increases to as low a percentage as is possible given the fragile state of our economy.

Your Name
Your Organization
123 Your St.
Yousville, YO 12345
Phone: (123)456-7890
Fax: (123)456-7890x123
Your Personal Statement
Campaign (<em>3055</em>): <em>NCC Chamber Members Unite Against Worker&#039;s Compensation Increase</em>
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