S.C. Examiner Questions NCCI Data

A market conduct examination by the South Carolina Department of Insurance criticizes the National Council on Compensation Insurance (NCCI) for flaws in adjustments to experience modifiers in Second Injury Fund cases and errors in the earned premium data submitted by carriers.The Insurance Department's review was triggered by a 2005 call by NCCI to increase loss costs by 32.9%.Linda G. Haralson, chief financial examiner for the Insurance Department, said in an examination released Jan. 16 that the Boca Raton, Fla.-based company should establish an audit program for the standard earned prem...