The Stakes: A public school system watched its Mod drift from 0.97 to 1.34 over five years, despite having no significant injuries. The taxpayers were footing the bill for $17,000 a year in unnecessary premiums.
The Investigation: The Advisor discovered that the incumbent agent hadn’t visited the client in four years. Five open claims were sitting on the books with high reserves, completely unmonitored.
The Breakthrough: The Advisor stepped in and aggressively managed the claims, calling the underwriter and HR department to close the stale files. They also implemented a “24-Hour Reporting” rule to stop future lag times.
The Result: In the 12 months following the intervention, the school had zero claims. The Mod dropped to 0.87, saving the district $15,000 annually.
0 in premium.