Workers’ Compensation: Simplified X-Mod Calculation & How it May Affect your Current X-Mod
The Workers’ Compensation Rating Bureau of California (WCIRB) created a new simplified formula calculating Experience Modifications (x-Mods) to provide more transparency to the process. Effective January 1, 2019, the new formula excludes the first $250 of every claim for the X-Mod computation, regardless of the size of the claim. This means that if an employer pays […]