It seems that 2012 is starting out as a year filled with opportunity for agents in the workers’ compensation world. With the two largest rating bureaus making big changes, agents’ chances to outsmart, rather than outprice the competition have never been better.
In November 2011, the Workers’ Compensation Rating Bureau of California (WCIRB) announced a major revision to the California experience rating form. Gone are the “B” and “W” values that have been part of the calculation. Primary and excess credibility factors replaced them.
The Real Impact