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Experience Rating Program Changes: How Does It Work and What Is the Impact?

September 20, 2022 @ 10:00 am - 11:00 am

Presented by: Jordon Ostrander – CPCU®, WCP®, AIC, SCLA, PERMA Senior Underwriter

Effective October 1st, 2022, the New York Compensation Insurance Ratings Board (NYCIRB) is implementing significant changes in Workers’ Compensation experience rating for all New York employers. The changes are to address inadequacies with the credits and debits being applied to risks using the current formula. As a rating factor applies to every PERMA member, it is important to understand these changes and the overall impact.

Join our Underwriting Department to learn more about:

  • Reasons for the change and the structure of the new plan.
  • New Experience Modification Factor (EMF) formula and transition period.
  • Comparing the Current vs. New methods.
  • Expected impact and how to reduce your EMF moving forward.

This webinar will focus on these changes to an important factor that directly impacts your renewal contribution.

More importantly, it will provide guidance on how to use your membership with PERMA to reduce your Experience Modification Factor and use these changes to your advantage.

Register here.

Details

Date:
September 20, 2022
Time:
10:00 am - 11:00 am