Over the past few years, several classifications have been established by the National Council on Compensation Insurance (NCCI) for a variety of reasons. Primarily they were established to further refine the classification system to better reflect exposures common to employers within certain businesses. Sometimes the refinement becomes necessary as a result of changes to the way an industry does its’ work and certainly automation has had a hand in this. Take logging for examp
Premium audit does not get the respect it deserves. In fact, based on my own experience, I would argue that a lack of respect for premium audit over these past few decades has resulted in much mediocrity in the quality of the function, especially among the premium audit vendor community. The recent recessionary period has not helped. Over the past three years, a once steady stream of additional earned premium has evaporated. The industry response in some cases has been to adj
Describe your educational background.
I was an accounting graduate from Rider College in Lawrenceville, New Jersey, back in 1976. How long have you been involved in insurance premium auditing? After searching for a job for about seven or eight months, one of my bowling friends mentioned to me about an opening for a premium audit position, which I didn’t know anything about. At that time, it was St. Paul Fire and Marine Insurance Company, so I made the call and they invited m
The following are actual statements found on insurance forms where car drivers attempted to summarize the details of an accident in the fewest possible words. The instances of faulty writing serve to confirm that even incompetent writing can be highly entertaining. 1. Coming home I drove into the wrong house and collided with a tree I don't have.
2. The other car collided with mine without giving warning of its intention.
3. I thought my window was down, but I found it was