MWCIA (Minnesota Workers Compensation Insurers Association) approves new experience mod split point

Minnesota has joined New York as far as independent bureaus that have approved the split point change, effective 1/1/2013. Details are in this circular on their website.

Workers Comp brokers that have clients with high mods better get their clients' mods knocked down asap. Based upon the fact that most of the claims experience going in to the 2013, 2014 and 2015 mods are on prior years, there is only one way to knock down these mods—workers compensation premium recovery for brokers and their clients.