The Workers’ Compensation Insurance Rating Bureau (WCIRB) has suspended the issuance of experience ratings based on unit statistical data submitted by Reliance Insurance Company. This action was taken as a result of growing concern regarding the accuracy of the Reliance data following receipt of information from Reliance’s Pennsylvania liquidator that the data being submitted is incomplete.
The WCIRB has requested that the liquidator provide additional information regarding the completeness and accuracy of the Reliance data submitted to the WCIRB. The WCIRB will issue a subsequent notice once the additional information is received and evaluated, and once a determination is made as to the reliability of the Reliance data for experience rating.
Was this article valuable?
Here are more articles you may enjoy.
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
