WCRB
December 2024
To All Stakeholders,
The Workers Compensation rate change submitted to and approved by The Wisconsin
Office of the Commissioner of Insurance took effect October 1st of this year.
The overall rate change was -10.5%. The decrease marked the ninth consecutive rate
decrease for workers’ compensation in the State of Wisconsin.
The Industry Group Rate Changes were as follows:
Manufacturing
-9.34%
Contracting
-14.17%
Office & Clerical
-9.07%
Goods & Services
-10.41%
Miscellaneous
-9.61%
Component Level Changes
Experience, Trend & Benefits
-10.36%
Change in Production & General Expenses
-0.14%
Change in Loss Based Expenses
-0.01%
Expense Constant remained unchanged
0%
The following section of this report is dedicated to the WCRB’s largest ever technological
change currently underway. Normally, technological changes would not be included in a
report to stakeholders, but because the system changes involve the WCRB’s core data
processing and reporting system, I felt that insights regarding the change should be
provided.
In addition, this report also contains results from WCRI’s CompScope Study, wherein
Wisconsin’s results are compared to 16 other states. A review of the select number of
slides will show that while the medical expenditures per claim are higher than the other
study states, indemnity, benefit delivery expenses and return-to-work results are lower
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