02/12/21
Upset Reader Says Experience Mod Increases – Loss Run Had No Changes
One noticeable complaint tread from our article and newsletter readers recently comes from Experience Mod increases while their company s loss runs show no changes.
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Many of them have become clients to have J&L examine their loss runs compared to the Experience Mod increases.
By the way, WTR is a clean replacement for WTF. It is What s The Reserve?
Two Quick Definitions
Experience Modification Factor – (E-Mod or EMR or X-Mod) – the rating bureaus (WCIRB – California, and NCCI – 40 states) compare your company s Actual Losses with businesses similar to yours (Expected Losses).