Prepare for the upcoming 2024 Financial Call reporting season by reviewing the key updates by topic.
Financial Data Collection (FDC) Message Center Training
Financial Data Collection (FDC) Message Center Webinar
Now available, the
Financial Data Collection Tool Message Center feature webinar. Access the webinar and learn how to navigate through the Message Center and reply to your Financial Call data inquiries. See how to monitor and track your inquiries from action needed to closed status.
Financial Data Collection (FDC) Message Center Training
Access the
quick start guide to be familiar with the components of the FDC Message Center when receiving, reviewing, and replying to your Financial Call data inquiries.
Extended Customer and Financial Data Collection Tool Support
Extended hours are available for customer support from NCCI data validators and the
Financial Data Collection tool.
Financial Data Validators: Extended Support Availability
March 25–April 1 |
| Weekdays (3/25–3/29, 4/1) | 9:00 a.m.–8:00 p.m. ET |
| Weekend (3/30) | 9:00 a.m.–4:00 p.m. ET |
| Weekend (3/31) | 12:00 p.m.–4:00 p.m. ET |
Financial Data Collection Tool: Extended Availability
March 25–April 1 |
| Weekdays | 24 hours a day |
| Weekends | 8:00 a.m.–8:00 p.m. ET |
NCCI’s Customer Service Center continues to be available Monday through Friday, 8:00 a.m.–8:00 p.m. ET. Call 800-NCCI-123 (800-622-4123) and select
Option 6.
Financial Call Requirement Changes
Elimination of Florida Call #20—Policy Year Large Deductible and Call #21—Calendar-Accident Year Large Deductible
Florida’s Financial Call #20 and Call #21 have been eliminated as of valuation dates December 31, 2023, and subsequent. No historical corrections or updates are required for prior valuations.
Extraordinary Loss Event (ELE) Catastrophe Code 12—Claims Attributable to COVID-19 (Coronavirus) Pandemic
For Call #31—Large Loss and Catastrophe and Call #33—Virginia Coal Mine Large Loss and Catastrophe, the accident end date for ELE Catastrophe Code 12 has been established as June 30, 2023, except for Florida.
Valuation December 31, 2023, is the final year for newly reported ELE Catastrophe Code 12 claims. Existing ELE Catastrophe Code 12 claims currently reported on Call #31 and Call #33 must continue to be reported on a going-forward basis.
For Florida, claims attributable to the COVID-19 (coronavirus) Pandemic with Accident Dates of December 1, 2019, and subsequent, must continue to be reported. At this time, the ending accident date has not yet been established for Florida.
Financial Data Collection (FDC) Tool—New Message Center
Released in December 2023, the
FDC tool was enhanced with the new Message Center. If you have “update access” to the
FDC tool, this feature allows you to receive, review, reply, and monitor your Financial Call data inquiries within the
FDC tool. If you have only “view access” to the
FDC tool, you can review but not reply to these inquiries.
Financial Call Data Inquiries and New Message Center
Financial Call data inquiries are generated after all Financial Calls are submitted for further validation review. For the 2024 Financial Call reporting season and beyond, the communication and carrier responses to these inquiries will transition to the new Message Center and will no longer be delivered and managed through emails.
With the initial release, you will be able to access and preview the Message Center using the
FDC tool menu.
When Financial Call data inquiries are generated in the new Message Center, an email alert will be sent to notify you that inquiries are awaiting your review and response.
Here are screens that you will see with the initial release:
Financial Call Edits Subject to Aggregate Data Quality Incentive Program (ADQIP)
Starting with valuation December 31, 2023, additional Financial Call edits related to Defense and Cost Containment Expense and Call #19—Accident Year Countrywide Loss Adjustment Expense will be included in the
ADQIP program.
Edits that are subject to
ADQIP are identified in the edit matrix with a “Yes” in column H and are found in Part 10-A-1-c—Accessing the Edit Matrices in the
Financial Call Reporting Guidebook.
Financial Call Reporting Guidebook
The
Financial Call Reporting Guidebook updates, along with the Financial Call Edit Matrix, were released in Fourth Quarter 2023. The guidebook contains these updates:
Get the Latest Updates: Stay tuned to this season preview article for updates. Sign up for email notifications to stay on top of updates to this Web information.
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