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NCCI

NCCI headquartered in Boca Raton FL is the nation’s largest Workers Compensation Insurance Rating Bureau.

NCCI is responsible for calculating the Experience Modification Factors (E-Mod  X_mod) for over 41 states. NCCI provides a large amount of free information on its website.

According to NCCI on its about us web page:

Founded in 1923, the mission of the National Council on Compensation Insurance is to foster a healthy worker’s compensation system. In support of this mission, NCCI gathers data, analyzes industry trends, and provides objective insurance rate and loss cost recommendations.

These activities—combined with a comprehensive set of tools and services—make NCCI the source you trust for worker’s compensation information.

The second large insurance rating bureau in the US is the WCIRB which is the rating bureau for California.  The WCIRB has altered its rating formula that used to be synonymous with NCCI.

Articles on NCCI number 30+ in this blog.  Many other independent state rating bureaus have “borrowed” many of the rating formulas from NCCI over the years.

One of the conferences that I used to attend pre-pandemic was the NCCI’s Data Conference.  Many of the classes helped me over the years to have a more granular view of how rating bureaus operate in collecting, analyzing, and reporting data.

I have often attended their State Advisory Forums in South Carolina, Virginia, and West Virginia due to the proximity of our HQ state – North Carolina.

Their annual Issues Symposiums have been online in the past two years.  I attended both of them and wrote articles on some of the subjects presented including Dr. Robert Hartwig’s 2021 presentation on how the pandemic affected the insurance markets.

The Learning Center tab on their website includes mini-videos that are only 2 minutes long.  Those cover many varied topics in a very short amount of time.

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