WCRB 2019 ANNUAL REPORT WCRBWisconsin Compensation Rating Bureau WCRB ANNUAL LETTERDear Stakeholders: On October 1, 2020, Wisconsins overall rate change of -.93% will take effect.This decrease marks Wisconsins fifth workers compensation rate decrease in a row.The breakdown of rate changes by governing class are as follows: Manufacturing -1.52% Contracting -3.21% Office & Clerical -1.13% Goods & Services +0.16% Miscellaneous +0.66% As is customary throughout our industry, the 2020 rate calculation did not take 2019 or 2020 financial data into account. As a result, this years unprecedented events around Covid-19 are not reflected in this rate change. We understand there is a lot of interest around rate impact due to the Covid-19 pandemic. Formal communication and input from other independent state rate bureaus, along with NCCI, will ensure our actuaries and actuarial committee has leading edge knowledge of industry activities country-wide and at the same time remain focused on what is happening in Wisconsin. When it became apparent that Covid-19 would become an overwhelming problem for employers throughout Wisconsin, the bureau team determined that the unprecedented event would require a new unit statistical code for our members to assign payroll for furloughed workers (0012).Alternatives to this action would have resulted in a rate being charged for those workers who were furloughed, but still being paid.The actions we took early on, along with OCIs expedited review and approval, resulted in a small sense of relief at a time when employers needed it most. In addition, NCCI and most independent bureau states implemented this new unit statistical code following our efforts in Wisconsin. As of the writing of this report, the Wisconsin Workers Compensation Pool premium sits at about $67,000,000.Historically speaking, the Wisconsin Pool has been depopulating precipitously since 2015 when the premium was almost approximately $117,000,000.Operationally, our office faced the same challenges along with most of you due to these unprecedented circumstances. We did not realize the preparation to mobilize our operations would be put to the test just days after putting the plan in place.Im proud to be associated with such a dedicated staff that worked hard to transition to work-from-home with no major issues. Our office functions never closed and a discernable backlog never materialized. We will continue to work in a remote model for the foreseeable future until such time it is practical and feasible to return our workforce safely to an office setting. Best regards,Bernard L. RosauerPresident4 Wisconsin Compensation Rating Bureau'