C&R Committee Reviewing Experience-Rating Alternatives

The Classification and Rating Committee of the Workers' Compensation Insurance Rating Bureau will review potential changes to the experience-rating system that could take effect beginning Jan. 1, 2017, for California policyholders. The WCIRB has been working for more than a year to identify ways to reduce the impact that a single large claim might have on a small, experience-rated employer. An employer's experience-rating modification factor, or X-mod, is calculated based on claim costs. The full cost of a claim up to a threshold dollar amount called the "split point" i...