Business Services Industry
Comp rate increases slowing, but buyers see retentions rise.
Business Insurance, January, 2004
Byline: MEG FLETCHER Higher retention levels are having a bigger impact than rate increases on buyers of workers compensation coverage during year-end renewals. "On average, policyholders are increasing their retentions by 20%,'' said Timothy Brady, managing director of the casualty practice for New York-based broker Marsh Inc.
But two leading risk managers report they took significantly higher retentions. Jeffrey W. Pettegrew, vp-risk management and insurance for Westaff in Walnut Creek, Calif., said the retention for stop-loss coverage written as part of his paid-loss retrospectively rated program increased 50%, to $750,000 from $500,000 per occurrence. That higher retention level "overshadows'' the "slight'' 10% increase in Westaff's stop-loss...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
