Regulatory compliance, including the reporting of information to various bureaus, is a critical function to all insureds and insurers. In this article, we’ll discuss an issue that often flies under the insured’s radar: data reporting requirements for workers’ compensation insurance policies. The National Council on Compensation Insurance (NCCI) is the country’s largest workers’ compensation data collection and rating bureau. Several states maintain their own individual WC bureaus (CA, DE, IN, MA, MI, MN, NC, NJ, NY, PA and WI), each with their own unique data requirements.
