Will 10,000 Employers Be Added To Experience Rating?

The Workers’ Compensation Insurance Rating Bureau says its experience rating model can effectively rate employers with expected annual losses as low as $500 but is considering a go-slow approach that would lower the rating threshold in stages. The WCIRB is looking at adding 10,000 of the 300,000 employers that it believes can be effectively rated … Read More »

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Dramatic Expansion of Experience Rating System Floated

Changes now under consideration could double or even triple the number of experience-rated employers in California. The Workers’ Compensation Insurance Rating Bureau is researching changes that would give X-Mods to 250,000-300,000 small employers or more. The small employers are mostly claim free risks that would see a 5% credit mod, but those with workers’ comp … Read More »

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81% of Employers Likely Impacted by X-Mod Change

California’s experience rating system went to a variable split point system for differentiating between primary and excess losses in 2017. The underlying data for each of these points hasn’t been updated since the system went live. Each split point encompasses a range of expected losses that determine which split point applies to which risks. A … Read More »

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