Specialty Material & Environmental Inc

PO Box 102
New Eagle, PA 15067

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is very good. It is in the 23rd percentile compared to peers.
  • There was a recent mod decrease.
Average

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 92% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 11% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 11.4% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

3.187
(Current: 3.716)
2022
01-18-2022

3.187
2021

3.187
2020

3.187
2019

3.187
2018

3.187
2017
01-18-2017

2.789
2016
01-18-2016

2.702
2015

2.549
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

Ljaposmm Rrcos
President
(093) 794-3936
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Industry Classification