The Delaware Insurance Department has issued a notice advising the approval of a rate increase of 14.6% for the voluntary market and 19% for the residual market. This increase is less than the 43% requested by the Workers Compensation Rating Bureau. Read all about it in the release:
I guess businesses are supposed to be grateful. The sad truth is that the fundamentals of trickle down economics have been proven not to work when it comes to wealth creation; however, it has been proven to hold true when it comes to tax increases and profit loses. That’s not the trickle down anyone wants to see or talk about though.