WCIRB Suspends Issuance of Modifications Based on Reliance Data

November 13, 2002

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.

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