Chesapeake Employers to Become Full Affiliate of NCCI on January 1, 2023
Chesapeake Employers Insurance is in the final stages of becoming a full affiliate of the National Council on Compensation Insurance (NCCI), which will take effect on January 1, 2023.
Legislation enacted in 2015 requires Chesapeake Employers to join NCCI and adopt their rating methodology, experience modification calculation, scheduled rating plan as well as adopt loss costs approved by the Maryland Insurance Administration.
“This has been the culmination of nearly seven years of planning, testing, and soon, full implementation. We continue to strive to ensure minimal disruption to our policyholders during this transition while continuing to adequately price the risk,” said Tom Phelan, CEO of Chesapeake Employers.
Please contact your marketing representative or underwriter if you have questions about Chesapeake Employers’ transition to the NCCI rating structure.
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