Related insights
Understanding workers’ compensation non-renewals: The impact of loss development factors
Imagine you’re three months away from your workers’ compensation renewal when you open your email to find an unexpected non-renewal notice due to losses. How can this be? After all, your current year’s loss ratio stands at a seemingly healthy 35%. That should be profitable, right? The reality is ...
The connection between NCCI split points and increasing EMRs
In recent years, many contractors have observed a troubling trend: their workers’ compensation Experience Modification Rate (EMR) has been on the rise, despite stable or improved loss experiences. This phenomenon raises an important question: why are EMRs increasing when the underlying claim costs appear unchanged? What is EMR and ...
