Cody Allen, SFM Territory Manager, has been elected to the governing board at the Indiana Compensation Rating Bureau (ICRB).

The ICRB is a private nonprofit association that includes all insurance companies licensed to write workers’ compensation insurance in Indiana. Chosen to join the group in in early October 2024, Allen will serve a two-year term that is already underway.

“I’m excited and honored to be chosen to join an organization like this,” Allen said. “SFM is proud to be involved in a state where workers’ compensation has been well run and profitable. The ICRB has provided strong leadership for years and created a robust work comp environment in Indiana.”

Established in 1935, the ICRB gathers information from its member companies that may be necessary to establish fair and adequate advisory rates, according to the organization’s website. That information is submitted to the Indiana Department of Insurance for review, then distributed to all member companies.

In addition to the data collection and ratemaking responsibilities, the ICRB is involved in other aspects of workers’ compensation in Indiana, including:

• Rules promulgation
• Experience rating
• Inspection and classification
• Assigned risk administration
• Industry education
• Dispute resolution

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