Case Study: CARE - Private Investigator/Security


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Background

Our CARE Adjuster reviewed the 2017 NCCI, California and New Jersey Experience Ratings.

 

Solution

NCCI Mod Correction: Upon review of the NCCI Experience Rating and loss runs, CARE determined BXSInsurance-Care-Results-Iconthat a claim should have been reported at a lower incurred value. CARE requested the carrier to correct the Mod.

California Mod Correction: CARE also discovered that a claim had been reported to the California and New Jersey workers' compensation bureaus simultaneously. We asked the carrier to correct their California statistics.

 

Results

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Due to our involvement in the claim, the Mod was reduced from 1.16 to 1.07. The client’s manual NCCI premium is expected to exceed $600K, which coincides with a $54,000 savings.

The California Mod was reduced from 199% to 188% (11% reduction), which will decrease its California premium by approximately $6,820.

 

Client Testimonial

“Thank you for sharing this information. We’ve come a long way, and I’m looking forward to our continued success, which will ultimately get our Mod down to 1.00 or lower. Hats off to everyone involved in the process!”

 

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