Starting Jan. 1, the Workers’ Compensation Insurance Rating Bureau will no longer count the first $250 of the cost of a claim against employers’ experience modifications for 2019, part of an effort to encourage reporting of all claims, including those that require only medical treatment.
Insurance Commissioner Dave Jones approved the new process for calculating experience modifications, or X-mods, in October. The new system has the added benefit of simplifying the formula without making experience rating less accurate, according to Dave Bellusci, chief...
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