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Loss Cost Multiplier

LCMs – The Hidden Part of the Workers Comp Insurance Process

LCMs – Loss Cost Multipliers – An Important Example LCMs (Loss Cost Multipliers) have many definitions.  The main one that I refer to when asked for a definition is: LCMs are basically the insurance carrier’s deviation from the advisory loss costs that are published by NCCI or your state’s rating bureau.

Loss Cost Multipliers – The Real Numbers That Carriers Charge

Loss Cost Multipliers Examples Last week, an article was published on this blog in reference to Loss Cost Multipliers.   The article received a large amount of traffic.  A few questions were emailed to me on how Loss Cost Multipliers generate  what a carrier actually charges for Workers Comp premiums.

Rate Reductions – One Of Most Misleading Statements In WC

Rate Reductions Rate reductions news published by a state rating bureau or NCCI is always a very positive statement in an industry led by negativity. The rate reduction news is then re-published over and over again by various Workers Comp outlets.  There is still one piece of the puzzle that

WCRI – How Economy Drives Financial Performance of WC – Live

Economy Drives Work Comp Success – WCRI A great presentation on how the Economy Drives the financial performance of WC. .Dr. Harry Shuford from NCCI –  One of the best presentations so far at this conference.   This was great data analyses.  He should have been given longer than 30

WC Premium Increases Secret – Insurers Ignore Rating Bureaus

WC Premium Increases Source Not Rating Bureaus The secret to WC premium increases has to do with investment risk.  The questions that I am asked the most in my line of work are twofold: Do you know of a good stock to invest in – a hot stock tip as

Loss Cost Multipliers Affect Premium Audits Indirectly

The Loss Cost Multipliers Have An Indirect Effect I recently posted on Loss Cost Multipliers that affect your premium audit.  I have received so many inquiries to my last post on the subject that I thought I would cover the subject again.  This is an emailed question I received last

Who Is The WCIRB And What Do They Regulate?

Who Is The WCIRB ? What do they regulate and who is the WCIRB ? I received this question on the WCIRB last night from a California employer that had grown large enough to receive an X-Mod.  Congratulations on your company’s growth in a tough economy.  Sometimes, it is best

Loss Cost Multipliers Definition – Real Deal On Insurance Premiums

The Real Deal – Loss Cost Multipliers Definition The Loss Cost Multipliers definition (LCM‘s) is one of those “under the radar” concepts in Workers Comp. I had decided to comment on LCM’s as they are very important to your Workers Comp budget.  The LCM allows the insurance carriers to charge

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