WC Market MLR Risk bad Losses

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JohnnyLaw
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Joined: Tue Jun 12, 2012 11:03 am

WC Market MLR Risk bad Losses

Post by JohnnyLaw » Mon Oct 10, 2016 11:48 am

Texas

Guys, asking for advice on placing a monoline WC Account out of Texas that is a wholesaler of building materials. They are in : TX, SC, CA, TN, AR, AL, OK, and CO. This account will have substandard loss ratio, and asking for some LP intervention. Thank you in advance

Big Dog
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Re: WC Market MLR Risk bad Losses

Post by Big Dog » Tue Oct 11, 2016 7:02 am

The one thing you need to ask of your client first, before approaching ANY insurance carrier - what level of commitment will they have at implementing any loss control recommendations to help address their loss history?

JohnnyLaw
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Re: WC Market MLR Risk bad Losses

Post by JohnnyLaw » Tue Oct 11, 2016 10:28 am

Thanks Big Dog, was in LP for over 15 years, well versed. What I am more interested in is the best market for a account of this nature in my neck of the woods. i.e. large with bad losses. Currently it is being marketed through SIAA chapter, HIIG declined, and through one MGA I use US Risk. Have other MGA's can use but still collecting feedback.

dkelly@tkgins.com
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Re: WC Market MLR Risk bad Losses

Post by dkelly@tkgins.com » Thu Nov 03, 2016 10:35 am

Hey Johnny Law!

I'd be interested in taking a look at this one. The LP really depends on the premium size and what exactly they are looking for.

If you have a submission please send it along to me - dkelly@tkgins.com

Thanks,

Dana

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