Commeau,Sandra

115 Dutch Flats Road
Greentown, PA 18426

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 96% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 13%. While peers Increased an average of 1%.
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.

  • 7% of peers have changed carriers since last year.
  • Of those who changed carriers, 5.6% decreased their LCM vs those who stayed with their current provider who saw a 1.9% increase, a difference of roughly 3x.
  • Current Carrier's market share is in the 75th percentile at 1.2% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

3.073
2021

2.728
2020

2.346
2019

2.174
2018
11-16-2018

2.326
2017

2.326
2016

2.386
2015

2.386
2014

-
2013
11-16-2013

-
2012

-
2011

-

Contacts

Ksla Javqnuw
Owner
(823) 725-5051
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Industry Classification