NCCI Doing 'Major Review' of X-Mod Rating System, Actuary Says

A senior actuary at the National Council on Compensation Insurance raised a few eyebrows this week when he mentioned in a keynote address that the council is reviewing its system for determining experience ratings. Barry Lipton, who leads research for the council, told the Annual Issues Symposium in Orlando, Florida, that the NCCI is “undertaking a major review of its experience rating system.” Lipton did not offer further details, but a spokesman for the council said that while the current experience modification methodology works well, there's room for improvement in the...