b'WCRBDecember 2024To 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 ChangesExperience, Trend & Benets -10.36%Change in Production & General Expenses -0.14%Change in Loss Based Expenses -0.01%Expense Constant remained unchanged0%The following section of this report is dedicated to the WCRBs 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 WCRBs core data processing and reporting system, I felt that insights regarding the change should be provided. In addition, this report also contains results from WCRIs CompScope Study, wherein Wisconsins 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, benet delivery expenses and return-to-work results are lower'