What Could Be The Upcoming NCCI Class Code Changes?

I had read quite a few of the reports coming out of the NCCI Annual Symposium. NCCI stands for National Council on Compensation Insurance. The company is based in Boca Raton, FL. It is not a governmental entity. I also watched the videos that NCCI posted from their annual symposium. The reports are not usually exciting reading. The possible modification of the NCCI Classification Codes may send a shockwave through the Workers Compensation industry.

Even though some states may have their own rating bureaus, the systems are all very similar to the Class Code based rating system from NCCI.

One of the reports indicated that the NCCI may use "type of injury" coding in their ratemaking formulas. I am not sure how this will change the Workers Compensation landscape. There is a already a code for type of claim that is a very benign variable as it changes nothing on the ratings.

All insurers have a fields or group of fields they input when setting up a Workers Comp claim. I am only surmising that the NCCI will pick up that data as part of their Workers Compensation Experience Rating.

I am not 100% sure on how this will affect the E-Mods produced by NCCI. I am also not sure if the type of injury will feed directly into the formulas or will just be a tracking field to get an overall "outside the numbers" sense of how an employer is doing with their safety and claims program.

Next Up - NCCI Class Code 8810