REVIEWING AUTO AND WORKERS' COMP LOSSES

摘要

Picking up where the last Insurance Insights column left off, this time we'll review the claims losses experienced by the RecycleGuard~(sm) insurance program during 2003 in the automobile and workers' compensation areas. Automotive Losses. Many policyholders have questioned the need for higher physical damage deductibles in their auto renewal. Such increases are necessary because, while the value of the vehicles used in your businesses keeps increasing, the deductible on those vehicles-as a percentage of value-hasn't kept up with the cost. The loss dollars have increased, resulting in a continual upward spiral of the rates. One way to control those increases is to increase the deductibles under physical damage coverage.