Parsons, Kenneth, R

104 Poplar Street
Pittsburgh, PA 15205

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 Higher than 87% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
Needs Attention

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.

  • 9% of peers have changed carriers since last year.
  • Of those who changed carriers, 4% decreased their LCM vs those who stayed with their current provider who saw a 2.8% increase.
  • Current Carrier's market share is in the 99th percentile at 9.4% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

3.009
2022

2.727
2021

2.727
2020

2.039
2019

2.039
2018

2.039
2017

1.870
2014
10-14-2014

-
2013
12-13-2013

-
2012

-
2011

-
2011
10-31-2010

-
2010

-
2009

-

Contacts

9f5
99
azhbpilp_nmkm@idvqsckb.wim

Industry Classification