you're reading...
Member News, News and Info

Delaware Workers Compensation Hearing Results

This morning the Insurance Department held the public comment hearing regarding the proposed increase of 43% to workers compensation rates in Delaware.

Nearly 30 speakers spoke at the hearing, and they were all opposed to the rate increase.  Some were opposed to the size increase and some did not a need for any increase. 

Many speakers voiced opinion that the workers compensation system needs reform (as do we as part of our earlier reported coalition position). One speaker, owner of a food store, reported that nearly all of his employees in his store (all of them except his bookkeeper) are within the same workers compensation classification. He further noted that therefore the cashiers, the part-time baggers, the people sweeping the aisles and so forth are all lumped into the same classification as the butchers!

Members of the Health Care Advisory Panel testified that the Delaware Compensation Rating Bureau had been charged in 2007 with the responsiblity to watch and report potential health insurance cost increases.  However they did not do so, and thus this huge rate increase, attributed to cost increases, came as a big surprise to all this past summer.

Stay tuned.  At the conclusion of the hearing the Insurance Commissioner requested that the hearing be closed so that they could study all of the speakers and submitted written testimony, and also review same with the Delaware Compensation Rating Bureau, in order to determine the final rate at some point in the future.

 

About HBA of Delaware

HBA/DE has been an integral part of the growth and economic development of the State of Delaware since 1947. HBA/DE was founded as a non-profit state affiliate of the National Association of Home Builders (NAHB) representing home builders and other businesses directly related to Delaware's Home Building Industry. Consisting of Builders, Remodelers and a group of diversified associate members, the Home Builders Association of Delaware strives to protect and preserve housing as a symbol of America. www.hbade.org

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

back to HBADE Website

RSS NAHB Now

  • Remodeling Market Indicators Stay Strong October 19, 2017
    The NAHB Remodeling Market Index (RMI) posted a reading of 57 in the third quarter, up two points from the previous quarter. It's the 18th consecutive RMI at or above 50, which indicates that more remodelers report market activity is higher compared to the prior quarter than report it is lower.
    NAHB Now
  • Tomorrow’s Kitchen, Today October 19, 2017
    NAHB asked two experts who serve on the Design Committee and National Sales and Marketing Council about the kitchen of 2018: What are the common elements of successful kitchen design? What trends seem to be gathering steam?
    NAHB Now
  • HBA Rallies Multiple Shipments of Donations for Hurricane Victims October 18, 2017
    Thanks to the generosity of area residents and businesses — not to mention, a significant amount of coordination through the Delaware HBA — two 26-foot box trucks filled to max-load capacity with donations arrived in Texas earlier this week.
    NAHB Now
%d bloggers like this: