National Council on Compensation Insurance
From Wikipedia, the free encyclopedia
The National Council on Compensation Insurance (NCCI) is a U.S. insurance rating and data collection bureau specializing in workers' compensation. Operating with a not-for-profit philosophy and owned by its member insurers, NCCI annually collects data covering more than four million workers compensation claims and two million policies. The bureau uses this information to provide:
- Analysis of industry trends in workers' compensation costs
- Workers compensation insurance rate and loss cost recommendations
- Cost analysis of proposed legislation regarding workers' compensation regulations and benefits
- Special claims research projects
- Analysis of judicial and regulatory decisions on workers' compensation
- Cooperation with other data-collection agencies to ensure a credible database
NCCI provides data and analysis to insurance companies, state workers' compensation insurance funds, regulatory authorities, employers needing information on workers' compensation issues, and non-governmental workers' compensation agencies. The bureau is headquartered in Boca Raton, Florida with regional offices throughout the United States. The current president and CEO is Stephen J. Klingel. A board of directors composed of representatives of affiliated insurers and outside organizations oversees the bureau's activities.
