NYCIRB: New York Compensation Insurance Rating Board
Last verified: 2026-07-25 · Reviewed against the bureau's official filings and New York rating law — how we verify
Bureau Overview
State served
Rate-making model
Advisory loss costs · carrier deviations
Current effective date
2026-10-01
New York runs on an October 1 loss-cost cycle, and this date points at the filing now in force: NYCIRB bulletin R.C. 2659 (July 15, 2026) records the Department of Financial Services approving the Rating Board’s filing for a decrease of 21.9% in the overall loss cost level in New York State, effective October 1, 2026 (bulletin read 2026-10-05). The table below lists the filing’s per-classification loss costs, transcribed from Exhibit A of that bulletin (NYCIRB also publishes them in its digital Manual). Because 21.9% is an average across every class code, a single code can move a long way from it: in Exhibit A, 8810 Clerical fell 23.1% (0.078 to 0.060 per $100 of payroll) while 8859 Computer Programming fell 48.3% (0.058 to 0.030). Check your class wording in NYCIRB’s Manual before relying on a match.
Official site
The New York Compensation Insurance Rating Board (NYCIRB) is a non-profit, unincorporated association of the insurance carriers writing workers' compensation in New York, licensed by the New York State Department of Financial Services (DFS) as the state's official rate service organization. It performs for New York the advisory role NCCI performs elsewhere: collecting the industry's loss and payroll data, developing loss costs and rating values, and administering the classification and experience-rating systems.
Each year the NYCIRB performs an actuarial review of losses and payrolls across more than 600 classifications and files updated loss costs, which take effect only after DFS approval. Those loss costs are advisory — carriers apply their own loss-cost multipliers and may deviate — so the filed figure is the industry benchmark rather than the final price. New York's loss-cost cycle runs on an October 1 effective date, and the size of a filing (an increase or a decrease) is a statewide average across all classes; an individual employer's change depends on its classification, payroll, and experience modification.
New York classifications and experience rating
The NYCIRB designates its own classification codes and assigns each business a governing classification for its primary operation. While many code numbers resemble the NCCI system, the loss costs, rating values, and rules are New York's own and are not interchangeable with another state's. The Board also administers New York's experience rating plan: employers with sufficient coverage history are rated by comparing their actual losses to the expected losses for their size and classification, producing an experience modification that credits or debits premium.
For NYCIRB's filed loss costs by class code, the current filing context, and the DFS-approved October 1 loss-cost change, see the New York workers' compensation rates hub.
Sources
- New York Compensation Insurance Rating Board — official site (retrieved 2026-07-25)
- NYCIRB Experience Rating Plan Manual for Workers' Compensation (retrieved 2026-07-25)
Frequently Asked Questions
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