Compensation Insurance Rating Board

The New York Compensation Insurance Rating Board (NYCIRB) is a non-profit, unincorporated association of insurance carriers, including the State Insurance Fund.
In conjunction with the New York Workers' Compensation Law, the Insurance Law provides for the Superintendent of Insurance to designate a rate service organization to collect the loss, premium and payroll data from each carrier, summarize this information and develop an adequate rate structure.
Since the enactment of the Workers' Compensation Law in 1914, the NYCIRB has been licensed as the official organization for this purpose.

New York Carrier Contact System provides the facility for member carriers to verify and update their contact information for a variety of business areas within their company.
Experience Ratings System allows member carriers the ability to search, download and print Experience Ratings.
Search features include, insured's name, NYCIRB Combo ID or ratings issued by date.
The Rating Board's web-based experience modification service provides non-members with the ability to access New York State employers' experience modification and merit rating factors.

New York Mods is a fee-based subscription service which provides users the ability to access, by employer's name or NYCIRB Combo ID, the insured's most recent experience modification.
Other information, such as classification, issue date and effective date will also be available for review on the selected record.
Loss costs are the expected cost of covering claims per $100 of payroll in each occupational classification.
Loss costs, along with other factors, are used to calculate premiums.
Submit a letter of authority to authorize an entity to represent your business' policy information.

Copies of all policy Information Pages and renewal certificates must be reported to the Rating Board within thirty (30) days after the effective date of the policy.
In addition, proof of coverage must be filed, in electronic format, with the New York State Workers' Compensation Board within thirty (30) days after the effective date of the policy.
Except as noted in (i) and (ii) below, a copy of every endorsement affecting coverage in New York State must be reported to the Rating Board within thirty (30) days after issue.

A mandatory program for workers compensation applied only to insureds who are large enough for the individual insured's own past experience to be an indicator of how the benefit cost for this insured will differ from the average in the future.
A process by which historical insurance statistics are compiled, analyzed and projected into the future by trained actuarial professionals in order to produce adequate and equitable manual rates or loss costs.
The Actuarial Department of the Rating Board is responsible for calculating the appropriate loss cost for each of approximately 600 classifications of businesses throughout the state.