The New Jersey Compensation Rating and Inspection Bureau [NJCRIB] has submitted to the NJ Department of Banking and Insurance a request for a 3.9% decrease in the overall workers' compensation premium and rate level effective January 1, 2014.
Showing posts with label NJCRIB. Show all posts
Showing posts with label NJCRIB. Show all posts
Wednesday, October 11, 2023
Friday, September 30, 2022
NJ CRIB Submits Rate Decrease for 2023
The NJ Compensation and Rating Bureau (NJCRIB) submitted a filing to the Department of Banking and Insurance seeking a 4.7% decrease in the overall premium and rate level effective January 1, 2023.
Tuesday, October 5, 2021
NJCRIB Requests a 4.9% Premium Decrease for 2022
The NJ Compensation Rating and Inspection Bureau [NJCRIB] submitted a filing to the Department of Banking and Insurance seeking a 4.9% decrease in the overall premium and rate level effective January 1, 2022. The proposed revision is based upon the most recent experience and a review of classification relativity.
Thursday, November 21, 2019
NJ Insurance Rates Decrease 5.8%
The Commissioner of Banking and Insurance (“Commissioner”) has approved a 5.8% decrease in rates and rating values applicable to New Jersey workers’ compensation and employers’ liability insurance effective January 1, 2020 on a new and renewal basis.
The Rating Bureau filed for a decrease of 3.8% in rates and rating values; however, the Commissioner revised the overall change to the approved amount of -5.8%.
The rating components of the approved decrease are summarized in this Circular Letter, issued concurrently with Manual Amendment Bulletin #493, Manual Amendment Bulletin #494 and Statistical Circular #126.
The Rating Bureau filed for a decrease of 3.8% in rates and rating values; however, the Commissioner revised the overall change to the approved amount of -5.8%.
The rating components of the approved decrease are summarized in this Circular Letter, issued concurrently with Manual Amendment Bulletin #493, Manual Amendment Bulletin #494 and Statistical Circular #126.
Monday, September 16, 2019
NJ Workers' Compensation Premium Rates to Decline in 2020
The New Jersey compensation rating and inspection euro has announced that we will be seeking a decrease of 3.8% in the overall premium and rate levels effective January 1, 2020.
Saturday, December 31, 2016
NJ Workers' Compensation Rates Increase in 2017 - Max $896.00
The NJ Workers' Compensation Rating and Inspection Bureau (NJCRIB) reported today 2017 rates effective January 1, 2017.
The Commissioner of Banking and Insurance (“Commissioner”) has approved a 3.0% decrease in rates and rating values applicable to New Jersey workers compensation and employers liability insurance effective January 1, 2017 on a new and renewal basis. The rating components of the decrease are summarized below.
The Commissioner of Banking and Insurance (“Commissioner”) has approved a 3.0% decrease in rates and rating values applicable to New Jersey workers compensation and employers liability insurance effective January 1, 2017 on a new and renewal basis. The rating components of the decrease are summarized below.
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