Delaware Goes For Ninth Year of Rate Cuts

October 24, 2025

 

Delaware Set for Ninth Rate Decrease

  • Delaware Insurance Commissioner Trinidad Navarro has announced that workers’ compensation insurance rates will decrease again, effective Dec. 1, marking the ninth consecutive year of reductions.
  • The voluntary market is expected to see an average loss cost decrease of 11.6%.
  • Meanwhile, the residual market is expected to see an average reduction of 9.08%.
  • Delaware’s rates remain about 6% higher than the national average, ranking the state as the 23rd most expensive for coverage according to NCCI.
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Latest Ivans Index Shows Renewal Improvement in Q3

  • The workers’ compensation premium renewal rate change averaged -1.42% in Q3 2025, up from Q2 2025 at -1.75%, according to the Q3 Ivans Index report.
  • The quarter began with the lowest rate change in July, averaging -1.48%, and ended with its highest rate change in September, averaging -1.32%, the data shows.
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