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Effective April 1, 2014, Arbella has adopted the voluntary loss costs filed by the Massachusetts Workers' Compensation Rating and Inspection Bureau for new and renewal business. We are maintaining our current company deviation of -10% for preferred business and our current target class deviations.
In accordance with the WCRIBMA filing, rates for specific classes have been adjusted and may increase or decrease.
Arbella's target class deviations in Massachusetts are as follows:
Standard and preferred rates are reduced by 7.5%
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2003
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Bakery & Drivers, Route Supervisors
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3113
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Tool Mfg-Not Drop or Machine Forged-NOC
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3132
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Nut or Bolt Mfg.
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3145
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Screw Mfg.
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3146
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Hardware Mfg.-NOC
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3257
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Wire Goods Mfg.-NOC
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3400
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Metal Goods Mfg.-NOC
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3629
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Precision Machined Parts Mfg.-NOC
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3632
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Machine Shop-NOC
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6504
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Food Sundries Mfg. NOC-No Cereal Milling
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8021
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Store: Meat, Fish or Poultry Dealer-Wholesale
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8034
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Store: Grocery Wholesale
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Standard and preferred rates are reduced by 5.0%
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2501
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Cloth, Canvas and Related Products Mfg. NOC
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3685
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Instrument Mfg. NOC
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4114
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Glassware Mfg.-NOC
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4150
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Optical Goods Mfg. NOC
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4692
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Dental Laboratory
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5191
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Office Machine Installation, Inspection, Adjustment or Repair
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6400
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Fence Installation and Repair
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8001
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Store: Florists & Drivers
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8006
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Gasoline Station: Self-Service and Convenience/Grocery-Retail
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8008
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Store: Clothing, Wearing Apparel or Dry Goods-Retail
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8010
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Store: Hardware
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8017
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Store: Retail NOC
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8018
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Store: Wholesale NOC
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8031
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Store: Meat, Fish or Poultry-Retail
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8032
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Store: Clothing, Wearing Apparel or Dry Goods-Wholesale
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8033
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Store: Meat, Grocery, Provisions NOC
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8048
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Store: Fruit and Vegetables
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8111
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Plumbers' Supplies Dealer & Drivers
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9052
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Hotel: All Other Employees & Salespersons, Drivers
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9058
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Hotel: Restaurant Employees
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9079
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Restaurant
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9519
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Household and Commercial Appliances-Electrical-Installation, Service or Repair
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9521
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House Furnishings Installation NOC & Upholstering
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Arbella continues to be a competitive market for workers compensation written in support of accounts, including Package, Auto and Umbrella coverage. If you have any questions or comments, please contact your commercial lines underwriter, or Arbella territory manager.
Thank you for your continued business support. |
