Notice: Passwords are now case-sensitive
Forgot your password? Register a new account

Connections

Groups

Community Requests

Oct 30 - Nov 1 Comp Laude® Awards and Gala Manchester Grand Hyatt San Diego
Register Now!

X-Mod Formula Change Could be Costly for Employers

By Greg Jones (Deputy Editor)

Wednesday, July 11, 2012 | 806 | 0 | 0 min read

By Greg Jones, Western Bureau ChiefThe National Council on Compensation Insurance (NCCI) is proposing changes to the formula it uses to calculate premium credits or debits based on previous claims, saying the current method is out-of-date and no longer accurate.The new formula, however, could result in higher premiums. One risk management expert said resurrecting safety programs and re-staffing positions that were cut during the recession are steps that would be essential to reduce claims costs and lower premiums.NCCI uses an experience rating split point to calculate experience modifiers, cal...

Purchase this story for only $9.16!Add to Cart


For access to all of our articles, check out our subscription options.

Comments

Be the first to comment.

Related Articles