02/12/21
Upset Reader Says Experience Mod Increases – Loss Run Had No Changes
One noticeable complaint tread from our article and newsletter readers recently comes from Experience Mod increases while their company's loss runs show no changes.
Wikimedia Public Use License – Hellisp
Many of them have become clients to have J&L examine their loss runs compared to the Experience Mod increases.
By the way, WTR is a clean replacement for WTF. It is What's The Reserve?
Two Quick Definitions
Experience Modification Factor – (E-Mod or EMR or X-Mod) – the rating bureaus (WCIRB – California, and NCCI – 40 states) compare your company's Actual Losses with businesses similar to yours (Expected Losses).