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Loss Runs Most Important Time To Have Them Updated


Updated Claims Loss Runs Are Critical To Cost Savings

Your WC loss runs should be up to date at all times. Online access is key as carriers and TPA’s will usually allow ad-hoc reports for analyzing loss data.

Graphic Of Update Bottom Loss Runs Icon

January 1 is the most popular renewal date for Workers Comp policierenees even though January 1 should be avoided for policy renewal dates.

Most policies with a January 1, 2015 renewal date have a very important date occurring in the near future.  Generally, on June 30th at the close of business, the applicable Total Incurred figures will  be pegged by NCCI or your state’s rating bureau.

In this case, June 30th, is the Unit Statistical reporting date.  Your  company’s E-Mod/X-Mod will usually be calculated in the next 90 – 120 days using the June 30th figures.

If your loss runs are not up-to-date, how will you know whether or not the Total Incurred figures are correct on your Workers Compensation files?   If your company has a January 1st  renewal date, you will usually have 67 days  from today to negotiate any reserve figures with your insurance carrier.

As I have said often, do not just call up the claims department or your agent and say the reserves (Total Incurred – Paid) are too high.  This will only negatively affect the working relationship you have established with your Workers Comp claims adjusters.   You need to be specific.

The key is knowing which claims have truly been over-reserved.   Selecting the proper claims to question may lower your next years’ E-Mod/X-Mod.  Selecting the wrong ones can be costly.

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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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