ODIN STATE BANK

PO BOX 8
ODIN, MN 56160

Talking Points

LCM Rate

LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.

  • The LCM of the Current Carrier is in-line with peers, in the 52nd percentile.
Average

Market Competitiveness

We measure relative change (when a business chooses a different WC provider), and market share distribution over a rolling 24 months as compared to it's industry and state level activity to determine how competitive carriers are for your class of business.

  • 13% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 14.3% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

2.110
(Current: 1.900)
2022

2.110
2021

2.110
2020

2.110
2020

2.110
2019

-
2018

-

Contacts

Dzkwhx Q Zwgwut
President
(859) 895-4614
gigpcsyf@jscgnvuritk.fjm

Tzczsl M Yajeoo
President
(656) 874-2424
8c77

Industry Classification