San Francisco, CA – With the issuance of the Insurance Commissioner’s Decision regarding the WCIRB’s January 1, 2013 Pure Premium Rating Filing and the approval of experience rating values for 2013, the WCIRB has begun issuing 2013 experience modifications.
The first 2013 experience modifications were issued on December 4, 2012 and are now available on the WCIRB Online website for insurers and licensed agents and brokers. By the end of this week, the WCIRB anticipates that approximately 85% of first quarter 2013 experience modifications will have been issued and the remainder will be issued by December 17, 2012. The ability to issue first quarter experience modifications this quickly is the direct result of the successful deployment of the WCIRB’s new STAR operating system. Future enhancements are under development for release in 2013. See the STAR Info section of the WCIRB website for more information.
WCIRB Customer Service typically experiences heavy call volume during this period. Insurers, agents and brokers are encouraged to access experience modifications online and use the X-Mod Direct® feature of WCIRB Online to be alerted by email upon the issuance of a specific experience modification.