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Loss Development Factor

E-Mods LDFs Are Like Credit Scores From Hell NCPRIMA

E-Mods LDFs Are Like Credit Scores Are E-Mods LDFs  like credit scores from hell?  Over the past few months, I have presented this material at various conferences.   I thought I would attach the PowerPoint that I used at the NCPrima Conference last week. E-Mods and LDFs_NCPRIMA_presentation 2015 I have received

Loss Development Factor – Do I Need One – How Do I Get One

Loss Development Factor Critical For Self Insurance Do I need Loss Development Factor? Loss Development Factors (LDF’s) are one of the under-the-radar parts of the Workers Compensation system.   This was a question received last week by a reader that found the blog on Google. LDF’s can be thought of very

Workers Comp Data Mining From Inside Out – A Look Inward

Workers Comp Data – From The Inside Out  Most Workers Comp Data analysis reeks of being too standard in nature. Workers Comp and general insurance data mining was one of the presentations at the SC PRIMA conference this week.  The presentation was great.  The two Willis Companies presenters covered such

Reinsurance/Excess Insurance Market Hardens

Reinsurance Market No Longer Soft The reinsurance/excess Insurance Market has started to change from a commodity marketplace.  The excess insurance market is usually the bellwether for the rest of  the marketplaces. Reinsurance/Excess Insurance is basically defined as a risk management technique.  The employer will purchase this type of insurance to

Safety and EMods – Highlights From My Presentation From Today

Presentation Highlights – Safety and EMods Are Very Related How Safety and EMods intermingle was the basis for most of the highlights from my presentation. The NC Mid State Safety Council was kind enough to ask me to do a presentation on how safety programs impact an employer’s bottom line from

Self Insured Pools – Are They Really Worth It?

Self Insured Pools Are Really Worth It ? Self Insured pools for Workers Compensation can be a great risk management technique. An employer that is not large enough to be self insured may find that pooling their premiums and risk with homogenous entities to be a great budget saving technique.

Captive Reserve Question From Our Readers – How To Calculate Mod

Captive Reserve Question Concerning LDF’s A good question about Captive reserve from readers. I am responding to a question from Wayne on this post. I will paraphrase the question. How do I calculate the reserves required if I have had a workers comp captive since 2005? This is a very

Workers Comp Self Insureds LDF Is Experience Mod

Workers Comp Self Insureds Have an LDF The LDF (Los Development Factor) equates to the E-Mod for self insureds.  I have posted a few times in the past on Self Insureds thinking they are out of the Workers Comp E-Mod system. Actually, nothing could be further from the truth. I

Is Loss Development Factor LDF Calculation Really Worth It?

Term Of The Day – Loss Development Factor The Loss Development Factor also is known as LDF is an element used to adjust losses to reflect the Incurred But Not Reported losses (IBNR) under the retrospective method of rating. Where I have seen LDF’s used the most are for Workers

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