Experience Modification Correction
Experience Modification Rating Correction Service Saves on Premiums
Problem: The Workers’ Compensation Rating Bureau erroneously included other companies’ claims in this company’s Ex-Mod rating calculation. The error went unnoticed by the insured causing a significant increase in the company’s Ex-Mod factor and costs.
Solution: The error was detected by ISU Curry Insurance and corrected, resulting in a greatly reduced Ex-Mod rating for use in Workers’ Comp premium calculation.