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Insurance Carrier Or Agent Could Be Wasting Your Time


Insurance Carrier Claim Reserve Meetings

Your agent or insurance carrier will be wasting your time for renewing the policy. We have found that 60-70% of all Workers Compensation policies renew on January 1st of each year.

Picture Of Two Man Insurance Carrier Shaking Hand Meeting In Sunset Spot

That figure matches our client list percentages. We hear from some of our clients that the agent and or carrier have set up a claims review meeting to make sure the reserves are correct for the coming policy year.

The service provided is not being questioned in this article.  The timing of the service is what an employer needs to take heed over December claims review meetings if the employer’s policy ends in December.

If your company is in this situation, you may want to cancel the meeting under this circumstance. Your reserves on the loss runs have nothing to do with what your Experience Modification Factor (E-Mod or X-Mod) will be for the coming year. Your E-Mod or X-Mod has very likely been in place for months.

Most Workers Compensation claims peg to your Experience Modification Factor Six Months after policy expiration.  This allow the set of claims to develop beyond just the regular policy period.  If your policy renews in July or August, a December claims meeting may be fruitful.

Make sure you bring up any questions on reserves in the right claims to cover in your claims meeting.

Feel free to email us with your Workers Compensation policy dates. We will email back the date that your E-Mod or X-Mod has been set in stone. This is a free service. We will charge nothing for it.

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


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