WCIRB Becoming California’s NCCI
The WCIRB Is slowly becoming California’s NCCI.
While attending a recent California Workers’ Compensation Insurance Rating Bureau (WCIRB – the rating bureau for California) conference, I started to notice that the WCIRB was adopting rules that were similar to Boca Raton’s NCCI. I thought I was possibly over-comparing the two agencies.
The rating bureau recently adjusted some of their rating values to more accurately reflect how a company’s safety program is functioning. The WCIRB performed an actuarial analysis to see how all of the companies in California would fare with the change. I thought I would compare their recent NCCI changes that occurred last year.