Preliminary 2013 Mods Released without Split Point Change (8/15/2012)
We have begun releasing Preliminary Experience Rating modifications for 2013. A preliminary modification uses existing rating values that are expected to change pending regulatory action on a rate filing. The preliminary mod must be applied until the final Experience Rating modification is determined.
Although the change to the primary/excess split point has been approved, changes to the underlying factors, i.e. “D” ratios, have not yet been approved as they will be included in our 1-1-2013 rate filing. Consequently, the split point change is not reflected in the preliminary modifications. This is noteworthy because the inclusion of this change may have a dramatic impact on the final mod for certain employers.
Additional information is included in our related Comp Clues document titled “Experience Rating: Split Point”.
Schroeder Earns WCP Designation (04/20/12)
Duane Schroeder, CPCU, WCP, ICRB Vice President, recently earned the designation of “Workers Compensation Professional” by the American Society of Workers Comp Professionals, Inc (AMCOMP).
The WCP designation signifies that an individual has completed a rigorous workers' compensation curriculum and successfully passed course examinations demonstrating a broad-based knowledge and understanding of workers' compensation.
As a WCP, Duane now joins other workers' comp professionals throughout the United States who have risen to the top of this important profession. He may now proudly display the distinguished letters "WCP" next to his name in all professional correspondence.
Indiana WC Outlook and Observations (03/09/12)
NCCI has put together a presentation (PDF file) which captures a lot of the information typically seen in its State Advisory Forums. This information compliments and expands upon the ICRB annual report.
Approved January 1, 2012 Advisory Rate Filing (10/21/11)
Rate Filing Document
On October 21, 2011 the Indiana Department of Insurance (IDOI) “FILED” the advisory rate filing which completes the approval process The filing proposes an increase:
• of 2.3 % to the loss costs;
• of 2.6% in overall premium level, and;
• of 2.6% in overall rate level.
2011 Annual Report (09/20/11)
The 75th ICRB Annual Report is available as a PDF in two formats:
Membership Registration (08/23/11)
We have new registration system, so even you registered with us before (prior to August 2011), please do so again by clicking on the link below. Why register? It allows member companies and their agents to access the monthly assigned risk New Risk Lists.
State of the Economy (rev 9/15/11)
Check out the presentation titled "State of the Economy" presented by Frank Schmid, NCCI Economist, to the ICRB Actuarial Committee in August 2011.
Assigned Risk LSRP Filing (12/28/11)