Life and Health News

March 2024

Welcome to our latest newsletter! As a thought leader in the Insurance Industry for over 50 years we are always excited to share the latest sampling of insurance compliance related bulletins, regulations, and legislative activity. Please feel free to share this newsletter with others that may be interested. Contact Us with any questions on the items in this newsletter or with any other compliance related matter we can assist you with. Enjoy!

AFFORDABLE CARE ACT

Maryland published a bulletin providing carriers with information and guidance regarding updated filing requirements for ACA and Small Employer form filings, effective 01/01/25.     Bulletin 24-4

ANNUITIES / ANNUITY CONTRACTS

Vermont adopted a regulation regarding suitability in annuity transactions.  DFR Regulation 1-2023-01 s 1+

CLAIMS / CLAIMS ISSUES

Colorado adopted a new regulation requiring that all carriers offering health benefit plans cover Respiratory Syncytial virus (RSV) Immunizations with no cost sharing.     Regulation 4-2-98

Texas amended provisions concerning extensions of time frame requirements for providers and health plans regarding claim submissions and payments.     28 TAC s 21.2819

CYBERSECURITY

Maryland published a bulletin notifying carriers of the online method to be used to file the Information Security Program Certification. Carriers required to file the certification must do so by April 15, 2024.     Bulletin 24-6

DENTAL INSURANCE

Wisconsin enacted legislation giving an insured the right to assign benefits directly to a provider of dental care or related services.     AB 62

DEPARTMENT OF INSURANCE

Arkansas adopted new rules establishing formal and informal procedures governing the activities of the insurance department.     Rule 125

EXCEPTED BENEFITS

Virginia's Bureau of Insurance issued guidance for carriers regarding wellness benefits in or attached to excepted benefits policies.     Notice dated January 25, 2024

FILINGS: HEALTH

Maryland issued a bulletin providing guidance to carriers when making form and rate filings for student health plans for the 2024-2025 school year.    Bulletin 24-1

FINANCIAL REGULATION

Arkansas published notice of adoption of the NAIC Accounting Practices and Procedures manual as of March 2024. Domestic reporting entities are advised to use the updated manual for reporting of the Annual Statement as of 12/31/24.     Bulletin 1-2024

GUARANTY ASSOCIATION

Missouri has revised Appendix One to the Guaranty Association act to update the address of the Missouri Life and Health Insurance Guaranty Association.     CSR 400-5.600

HEALTH CARE EXCHANGE / MARKETPLACE

Federal Departments of Labor, Health and Human Services (HHS) and Treasury issued FAQs regarding the Transparency in Coverage Final Rules. These rules require plans to provide cost-sharing information for a covered item or service in connection with in-network providers or an out-of- network allowed amount.     CMS FAQ dated February 2, 2024

HEALTH INSURANCE - COMPREHENSIVE

New York amended insurance law to require health insurance policies to cover biomarker precision medical testing for the diagnosis, treatment, management and ongoing monitoring of an insured's disease or condition when the test has recognized efficacy and appropriateness.     AB 8502

HOLDING COMPANIES

South Dakota amended its Insurance Holding Company law to require the ultimate controlling person to file an annual group capital calculation and the results of a specific year's liquidity stress test, among other changes.     HB 1059

LICENSING

Property & Casualty News

May 2024

Welcome to our latest newsletter! As a thought leader in the Insurance Industry for over 50 years we are always excited to share the latest sampling of insurance compliance related bulletins, regulations, and legislative activity. Please feel free to share this newsletter with others that may be interested. Contact Us with any questions on the items in this newsletter or with any other compliance related matter we can assist you with. Enjoy!

ADJUSTERS

North Carolina's Department of Insurance, Agent Services Division, published the procedures to follow in the event of a catastrophic event. The bulletin provides procedures for catastrophic adjuster identification badges and a new CAT Course developed by NCDOI with specific North Carolina Insurance and Building Code requirements.     Bulletin 24-B-05

AUTOMOBILE INSURANCE

Delaware published a bulletin notifying companies and agents that these mandatory financial responsibility forms are now available on the Delaware Division of Motor Vehicles website: FR1 - Delaware Uninsured Vehicle Report, FR4 - Notice of Cancellation or Termination of Policy, FR19 - State of Delaware Insurance Certification.     Auto Bulletin 35

North Carolina Reinsurance Facility announced a significant change in rates for non-fleet private passenger automobiles and motorcycles. The rates are for ceded risks other than "clean risks."     Circular Letter RF-24-7

CAPTIVES

Iowa adopted a new rule, titled Captive Companies. The rule establishes the policies and procedures for the administration of captive companies, including financial, reporting and record-keeping requirements.     191-113.1

CERTIFICATE OF AUTHORITY FILINGS

Delaware reissued a bulletin reminding insurers seeking to do business in the state of the department's "seasoning" requirements. No foreign company will be considered for admission until it has been transacting insurance business for three years and shown a net gain from operations at least one year prior to admission. The Department may waive these requirements.     Bulletin Number 3 (Reissued)

COMMERCIAL LINES INSURANCE

Oklahoma passed a law pertaining to commercial lines insurance policies cancellation and nonrenewal notices permitting notices to be sent to policyholders electronically upon their consent and if the insurer is in compliance with the provisions of the Uniform Electronic Transactions Act.     SB 1627

COMPLAINTS

Oregon's Insurance Commissioner issued a bulletin reminding insurance producers they must be truthful in their communications with policyholders regarding homeowners insurance underwriting and rating decisions. Recent consumer complaints and media reports reveal the importance of accurate information being communicated.     Division of Financial Regulation Bulletin No. DFR 2024-5

CONFIDENTIALITY / PRIVACY

Kentucky enacted, effective 01/01/26, the Kentucky Consumer Data Protection Act. The act requires the appointment of a controller and establishes certain consumer rights relating to personal data.     HB 15

Nebraska enacted the Data Privacy Act providing a consumer with privacy protection and control over their sensitive personal data.     LB 1074

ELECTRONIC TRANSACTIONS

Oklahoma passed a law allowing insurers to post a policy or endorsement on their website provided it meets certain conditions and does not contain personally identifiable information.     HB 1505

FILINGS: PROPERTY / CASUALTY

Delaware published a bulletin requesting that any company authorized to do business in the state notify the department prior to terminating any or all of a business line or product. The company should file a letter of intent prior to discontinuing an entire book of business, transitioning all business to an affiliated or non-affiliated insurer, or not offering to renew a block of business.     Forms and Rates Bulletin No. 40

FRAUD / ANTI-FRAUD

Louisiana amended its regulation pertaining to a special assessment to collect costs of investigating insurance fraud. Changes include the sunset of the special assessment for automobile theft and insurance fraud prevention, effective July 1, 2024, unless extended by legislative authorization.     LAC 37 XI.2303

HOLDING COMPANIES

Maryland enacted legislation updating its laws pertaining to insurance holding companies. Changes are made in accordance with the NAIC Model Insurance Holding Company Act. Changes include the requirement to file the results of a group capital calculation and a liquidity stress test.     HB 252

LIABILITY INSURANCE

Maine published a bulletin notifying insurers of updated annual reporting requirements for liquor liability policies, including data about premiums and claims.     Bulletin 472

MISCELLANEOUS PROPERTY / CASUALTY

Michigan's Department of Insurance and Financial Services issued an updated list of municipalities participating in the Fire Insurance Withholding Program.     Edition 167 dated May 1, 2024

OMNIBUS LEGISLATION

Kansas enacted legislation containing numerous provisions relating to insurance, including provisions for compensation to the insurance department when certain examinations are performed. The legislation sets and adjusts the maximum amounts that will be charged for consulting, data processing and other costs of the examination.     SB 356

PHARMACY BENEFIT MANAGERS

Oregon amended its Pharmacy Benefits Manager (PBM) law. Among other requirements, a PBM must be licensed by the Department of Consumer and Business Services (DCBS), instead of registered, and the license must be renewed every 12 months. The law also covers duties of a PBM, standards for reimbursement, and filing of certain material such as contracts and provider manuals.     HB 4149

PREMIUM TAX

Kentucky published a bulletin outlining changes to policies and procedures relating to local government premium taxes.     Bulletin 2024-03

PROPERTY INSURANCE

Alaska Division of Insurance directs companies writing property insurance that effective January 1, 2025, all new and renewing policies cannot include depreciation of labor in the definition of "actual cash value". Policies must be amended via endorsement.     Bulletin B24-07

Florida enacted the My Safe Florida Condominium Pilot Program. The pilot program sets standards for hurricane damage mitigation, inspections and contractors performing those inspections.     HB 1029

Georgia enacted HB 279, which requires insurers to provide a premium discount or rate reduction when the property owner makes improvements or builds a new structure that resists tornado, hurricane, or other catastrophic wind events.     HB 279

TITLE INSURANCE / AGENTS

Alaska issued a bulletin providing clarification that a Closing Protection Letter must be filed with the Division's Property and Casualty section.     Bulletin B 24-05

Oklahoma passed a law prohibiting title insurance companies from charging a fee for the filing of a release of mortgage affidavit.  This law is effective November 1, 2024.     HB 4151

Rhode Island's Superintendent of Insurance bulletin shared best practices for title insurers.     Bulletin 2024-4

Tennessee passed a law requiring an insurance agent applying to sell title insurance to complete at least 30 hours of title insurance pre-licensing course work.     HB 2281

WORKERS' COMPENSATION

California DWC published notice announcing it has launched a new online portal for Qualified Medical Evaluators to use to submit medical-legal reports required to be filed.     DWC Notice 4-23-2024

Nevada's Division of Industrial Relations released the 2023 Occupational Disease Claim Report.     NRS 617.357

New Jersey Compensation Rating and Inspection Bureau (NJCRIB) published the Workers Compensation Insurance Plan Update and Plan Policy Expirations for August 2024.     Circular Letter 2065

New York Workers' Compensation Board will begin utilizing a desk review process as opposed to a formal hearing for certain Section 32 waiver agreements on July 1, 2024.     Bulletin WC 046-1683

New York's Compensation Insurance Rating Board (NYCIRB) released the limitation on payroll used in the calculation of workers' compensation premiums for the construction industry. The amount is $1,757.19.     Bulletin R.C. 2601 dated May 2, 2024

Texas Department of Insurance, Division of Workers' Compensation General Counsel reminds carriers of the rules associated with preventative treatment related to a physical injury and workers' compensation claims handling.     Letter dated April 22, 2024

Virginia enacted a law that requires an employer or its insurer to include certain right to dispute claim denial language in a letter to the employee when a request for workers' compensation benefits is denied.     SB 241

Life and Health News

April 2024

Welcome to our latest newsletter! As a thought leader in the Insurance Industry for over 50 years we are always excited to share the latest sampling of insurance compliance related bulletins, regulations, and legislative activity. Please feel free to share this newsletter with others that may be interested. Contact Us with any questions on the items in this newsletter or with any other compliance related matter we can assist you with. Enjoy!

AFFORDABLE CARE ACT

Arkansas issued a bulletin explaining state standards and requirements for qualified health plans and stand-alone dental plans for 2025. The bulletin explains the specific standards as well as policies and procedures for qualifying.     Bulletin 3-2024

AGENT / PRODUCER LICENSING AND APPOINTMENT

Arkansas published a bulletin reminding companies of the requirement to file annual renewal appointments for insurance producers. The bulletin provides information about how to process renewals.     Bulletin 2-2024

California published a notice reminding all licensees and applicants of the requirement to report any changes in background information within 30 days of the date the licensee or applicant learns of the change.     Notice Dated March 5, 2024

ANNUITIES / ANNUITY CONTRACTS

California enacted legislation requiring that recommendations for annuity sales be in the best interest of the consumer. The bill addresses training requirements for producers, disclosure, and sales standards.     SB 263

Indiana amended and updated its annuity suitability rule to require recommendations for annuity sales to be in the best interest of the consumer. The rule also addresses producer training, insurer supervision and consumer disclosure.     760 IAC 1-72 +

New Hampshire amended and readopted a Suitability in Annuity Transactions rule.     Ins. 305.01 +

ARTIFICIAL INTELLIGENCE

Connecticut, New Hampshire, Rhode Island, and Vermont published bulletins reminding insurers that decisions based on analytical and computational technology (including AI Systems) must comply with all insurance laws and regulations. Specifically for CT, Domestic insurers must complete an AI Certification, due on September 1 of each year. The department states that the NAIC Principles of Artificial Intelligence is appropriate guidance.    Connecticut Bulletin MC-25; New Hampshire Bulletin INS 24-011-AB; Rhode Island Bulletin 2024-03; Vermont Bulletin 229

CLAIMS / CLAIMS ISSUES

Wyoming passed a law establishing a two-year time limit to seek reimbursement of an overpayment of a health insurance claim.     HB 15

CYBERSECURITY

Alaska, Arkansas, Colorado, Connecticut, Illinois, Michigan, Missouri, Maine, New Mexico, Pennsylvania, Rhode Island, Vermont, Washington, Wisconsin, and the Federal Center for Medicare & Medicaid Services published bulletins outlining its expectations for insurers in light of the Change Healthcare cyber attack.

DRUG / PRESCRIPTION COVERAGE

Michigan issued a bulletin alerting companies to a shortage of ADHD drugs. The bulletin urges companies to exercise flexibility with coverage and cost-sharing for the duration of the shortage.     Bulletin 2024-11-INS

New Mexico passed a law that modifies the guidelines related to step therapy for prescription drug coverage and eliminates step therapy requirements for certain conditions.     SB 135

ELECTRONIC TRANSACTIONS

South Dakota passed a law that allows insurers to comply with policy delivery requirements by one of the following alternative delivery methods: 1) Via first-class mail using an intelligent mail barcode or another similar tracking method used or approved by the U.S. Postal Service; or 2) Via commercial delivery service using a tracking method approved by the Insurance Division.     HB 1126

EXCEPTED BENEFITS

Internal Revenue Service, Department of Labor and the Department of Health and Human Services issued Final Rules for Short-Term, Limited-Duration Insurance and Independent, Non-coordinated Excepted Benefits Coverage.     29 CFR Part 2590

FRAUD / ANTI-FRAUD

Delaware reissued its bulletin to remind insurers of its mandatory fraud reporting requirement. The bulletin also makes certain updates to its fraud reporting form.     Domestic/Foreign Insurers Bulletin 15 (Reissued)

GUARANTY ASSOCIATION

Vermont's Department of Financial Regulation approved a new Life and Health Guaranty Association Summary Document/Notice to Policyholders to be used on and after May 1, 2024.     Bulletin 228

HEALTH INSURANCE - COMPREHENSIVE

Wyoming passed a law dealing with the payment of claims from an insurer or its intermediary to pharmacies.     SF 100

Wyoming prohibits discrimination against organ transplant recipients by insurers.     SF 5

HOLDING COMPANIES

Washington updated its Insurer Holding Company Act to adopt the NAIC revisions requiring group capital calculation.     SB 6027

IIPRC / INTERSTATE COMPACT

South Dakota enacted the Interstate Insurance Product Regulation Compact law effective July 1, 2024.     HB 1091

MEDICARE SUPPLEMENT INSURANCE

Maine issued a bulletin explaining certain amendments to its Trade Practices laws prohibiting the use of terms such as Medicare, Medicaid or MaineCare in advertising and sales material. Additional requirements include guidelines around format and required disclosures.     Bulletin 471

OMNIBUS LEGISLATION

Indiana enacted legislation amending numerous insurance topics including producer licensing by creating the insurance producer education and continuing education commission. Other topics include insurance holding company systems and annual reporting.     HB 1332

PHARMACY BENEFIT MANAGERS

New Mexico passed the Prescription Drug Price Transparency Act that requires Pharmacy Benefit Managers, manufacturers, Pharmacy Services Administrative Organizations, and health insurance companies to report certain information to the Insurance Department.     HB 33

REINSURANCE

Delaware enacted a new law to establish standards for reserve financing arrangements involving certain term and universal life policies (including those with secondary guarantees).     18 Delaware Code s 311 and 915

REPORTS - DATA CALLS & OTHER REPORTS

Colorado adopted a regulation establishing the data reporting requirements for all health care sharing plans offering plans for residents of CO. The regulation addresses reporting requirements, reporting due date and confidentiality.     3 CCR 702-4, Regulation 4-10-01

Pennsylvania's Insurance Department notified all insurers writing group or individual Medicare Supplement business that certain data must be submitted to the Department by May 31, 2024.     Medicare Supplement Data Call issued March 23, 2024

THIRD PARTY ADMINISTRATORS

New Jersey's Department of Insurance issued a list of items a Third Party Administrator (TPA) must provide to the Insurance Department in order to voluntarily surrender its TPA license.     Notice dated March 21, 2024

UNCLAIMED PROPERTY

Idaho approved a bill revising its unclaimed property act. Changes are intended to clarify certain presumptions, provide definitions and guidelines for policies and procedures, including reporting and notice.     HB 471

Property & Casualty News

June 2024

Welcome to our latest newsletter! As a thought leader in the Insurance Industry for over 50 years we are always excited to share the latest sampling of insurance compliance related bulletins, regulations, and legislative activity. Please feel free to share this newsletter with others that may be interested. Contact Us with any questions on the items in this newsletter or with any other compliance related matter we can assist you with. Enjoy!

ADJUSTERS

Maryland amended its law governing public adjusters including prohibiting contact during certain hours and extending the cancellation period from 3-10 business days.     HB 36

CANCELLATION / NON-RENEWAL / PREMIUM OR COVERAGE

Kentucky published an advisory opinion clarifying its interpretation of KRS 304.20-340. Insurers may not decline to insure or terminate coverage for losses immediately resulting from natural causes as specified by statute. Further, all notices must clearly state the reason for the termination or nonrenewal.     Advisory Opinion 2024-01; May 22, 2024

CLAIMS / CLAIMS ISSUES

North Carolina's Insurance Department urges insurers offering automobile insurance to prioritize prompt handling and settlement of auto insurance claims. The Department may take appropriate enforcement action against an insurer engaged in unfair and deceptive practices.     Bulletin 24-B-07

COMMERCIAL LINES INSURANCE

New Jersey passed a law increasing the minimum limits of liability insurance coverage that must be maintained by owners and operators of commercial motor vehicles engaged in intrastate commerce.  Policy forms and rates must be filed, and insurers must have rates on file for the new minimum coverage limits. All commercial automobile insurers should also update policy forms, if applicable, that reference minimum coverage limits to comply with the increases implemented by the Act.     Bulletin 24-07

CONFIDENTIALITY / PRIVACY

District of Columbia published a bulletin reminding all carriers doing business in the District of the department's expectations regarding the use of artificial intelligence. Basically, the department expectation is, when using artificial intelligence, that companies will continue to adhere to all laws and regulations, including those prohibiting unfair trade practices and unfair discrimination.     Bulletin 24-IB-002-05/21

DISASTER PREPAREDNESS

New York's Superintendent of Financial Services published the standards expected of property and casualty insurers in planning for disaster preparedness. A pre-disaster data survey and disaster response plan must be submitted to the Department.     Circular Letter 2024-4

DISCLOSURE REQUIREMENTS

Colorado adopted disclosure requirements for replacement cost homeowner's insurance policies in the state. For policies that do not include extended replacement-cost coverage or law and ordinance coverage, the insurer shall print a specific warning on the declarations page. The requirements are effective on or after 01/01/25.     3 CCR 702-5, Regulation 5-1-25

Colorado enacted a new law requiring that companies provide a summary document explaining coverage and exclusions in the insured's choice of English or Spanish effective 01/01/26. The commissioner shall provide a format for the form by 12/31/24.     HB 24-1440

FRAUD / ANTI-FRAUD

Alabama approved amendments to its insurance fraud law, including increasing the statute of limitations from two years to seven. It also gives insurance fraud investigators the powers vested in law enforcement officers including the power of arrest and service of process.     HB 140

California published notice of updates to the SIU Annual Report filings in the state. They have designated a fixed date of September 15 as the due date. Further information will be mailed in June and training sessions will be held July 24 and August 28.     SIU E-Blast 2024-11

GUARANTY ASSOCIATION

New Jersey Property-Liability Insurance Guaranty Association notifies carriers of an assessment of 1.3%  of each carrier's 2023 private passenger automobile liability net direct written premium.     NJPLIGA Bulletin 2024 - 001

HOLDING COMPANIES

Colorado adopted amendments to its laws governing insurance holding companies to bring them in line with the NAIC financial models. Changes include financial testing and reporting as well as confidentiality.     HB 1321

New Jersey updated its Holding Company regulation to incorporate the Group Capital Calculation and Liquidity Stress Test in the amended NAIC model.     NJAC 11:1-35.13

MISCELLANEOUS

Illinois adopted an amendment incorporating the Purposes and Procedures Manual of the NAIC Investment Analysis Office.     50 Ill. Adm. Code 806.40

Illinois adopted an amendment requiring all insurance companies to file proof of financial responsibility by electronic means.     92 Ill. Adm. Code 1070.20

New York's Property Bureau encourages all insurers authorized to write property/casualty insurance in New York State to offer loss mitigation tools and services to insureds for free or a reduced fee, such as smart water monitor and shutoff devices in connection with homeowners’ insurance policies.     Circular Letter 3 (2024)

Oklahoma's Insurance Commissioner notified all licensed insurance professionals the Licensing Division will accept name change requests electronically for individuals and agencies through www.nipr.com. Name change requests must be made within 30 days of the legal change.     Special Notice dated June 4, 2024

Pennsylvania enacted a law providing for the sale, solicitation and negotiation of pet insurance policies.     HB 660

Vermont created the Pet Insurance Act which allows pet insurance to be sold and policies delivered in Vermont.     HB 659, Sec. 28. 8 V.S.A. chapter 149

PERSONAL LINES INSURANCE

New Jersey's Insurance Commissioner reminds insurers who issue private passenger automobile policies to comply with requests from an attorney to disclose policy limits no later than 30 days following the request under certain circumstances.     Bulletin 24-06

North Carolina's Insurance Commissioner published a circular letter concerning revised Dwelling Fire and Extended Coverage Insurance rates. Insurers are reminded they must give at least 15 days prior notice of a rate change.     Circular Letter P-24-2

Oregon reminds property and casualty insurers of their legal obligation to file underwriting guidelines for personal lines with the insurance division. Insurers must also include how they address or consider wildfire risk mitigation actions.     Bulletin DFR 2024-7

Rhode Island amended a law relating to casualty insurance rating. For any policy written or renewed on or after January 1, 2025, an insured's rate or classification regarding the operation of a personal motor vehicle, widowed persons cannot be treated differently than persons in a marriage.     HB 7606

PREMIUM ISSUES

Utah's Insurance Commissioner notifies all property and casualty licensees the Department has received an increased number of consumer complaints regarding increases to insurance premiums.  Consumers report being told by licensees that the Department requires the increase. Licensees must communicate with policyholders the reasons for rate changes. The Department may penalize a licensee who states or infers the Department is the cause of the rate increase.     Bulletin 2024-7

West Virginia's Insurance Commissioner disclosed that there are increased inquiries to the Department regarding premium rate increases particularly with regard to homeowners' and automobile insurance.  Consumers have advised the OIC that their insurance company or agent advised them that their premiums increased because the OIC mandated the change. The Insurance Department does not mandate premium rate increases and reasons for increased rates must be explained to consumers.     Bulletin 24-04

PROPERTY INSURANCE

Alaska published a bulletin notifying carriers that the definition of actual cash value (ACV) may not include depreciation of labor language. Policies that include depreciation of labor language must be amended via endorsement.     B 24-07

Colorado enacted an amendment directing the manner in which mortgage companies must distribute insurance proceeds to insureds.     HB 1011

Florida issued an update on the status of the property insurance market. Overall, signs point to a decline in property insurance rate filings and a strengthening of the market.     Notice dated May 17, 2024

REPORTS - DATA CALLS & OTHER REPORTS

Delaware issued a bulletin to all insurers marketing property and casualty coverage in their state notifying carriers the Property and Casualty Carrier Survey form has been revised. The bulletin includes the email address to which the report can be submitted and encourages any carrier that has not submitted the current year's survey to do so immediately.     Bulletin 84-Revised

TITLE INSURANCE / AGENTS

Arkansas published an Attorney General Opinion interpreting the requirement that a title insurance agency be allowed "free access" to public records for real property. In short, the opinion states that a city, county or state office must allow a title insurance agency in-person ability to reproduce official documents for no charge. Related questions are also answered in the Opinion.     Opinion 2024-048

TRADE PRACTICES

Louisiana updated its unfair trade practices law to include, as an unfair trade practice, the failure to give an insured, upon written request, the original field adjusters repair estimate along with identification of anyone revising the estimate.     HB 520

WORKERS' COMPENSATION

California's Workers' Compensation Division published notice of its plans to address certain e-filing problems in EAMS, the electronic case management system. The division may suspend or remove some e-filing privileges from users who have continued to e-file defective data, causing ongoing delays in processing.     Notice Dated May 14, 2024

New Hampshire's Department of Labor published increases to the Worker's Compensation State's Average Weekly Wage as well as Minimum and Maximum Weekly Compensation Rates.     DOL Notice dated May 21, 2024

New Jersey's Compensation Rating and Inspection Bureau announced that with the January 1, 2025, rate filing it will publish rates and excess elements with three decimal places as opposed to two decimal places. This will allow for greater responsiveness in adjustments.     Circular Letter 2068