The Workers’ Compensation Insurance Rating Bureau of California posted to its website a tool it says insurers, agents and brokers can use help policyholders understand how payroll and claim history will affect their 2021 experience modifications, or X-mods.
“By entering policyholder-specific payroll, classification and claims information into the estimator, users can obtain an estimated X-mod using proposed 2021 California Workers’ Compensation Experience Rating Plan-1995 values (including expected loss rates, D-ratios and primary thresholds that vary by employer size),&rdqu...
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