I have the utmost respect for the number crunchers at NCCI. Through experience rating, they have contrived an ingenious mechanism for surcharging premiums of employers with high losses and discounting premiums for those with low losses. Dramatic changes in the way the experience rating is calculated, however, have had a disproportionate impact on Main Street businesses. Smaller insureds with losses have seen their mods go through the roof.
From 1990 until 2012, the experience mod calculation ...
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