Wyalusing Collision Repair Inc.

PO Box 305
Wyalusing, PA 18853

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 in-line with peers, in the 49th percentile.
  • There was a recent mod increase.
Needs Attention

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 89% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 24%. While peers Increased an average of 2%.
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, 2.8% decreased their LCM vs those who stayed with their current provider who saw a 1.8% increase.
  • Current Carrier's market share is in the 50th percentile at 0.4% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.240
2020

1.800
2020
11-16-2019

1.886
2019

1.886
2018

1.886
2017

1.744
2016

1.688
2015

1.542
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-
2009
11-16-2008

-

Contacts

Qyd Sbni
Owner
(125) 131-4493
sgwkiwyg@sts.jle

Industry Classification