Proposal C-360 April 1, 2011 Loss Cost Filing
On November 29, 2010 the Bureau made a loss cost filing with the Pennsylvania Insurance Department. That filing, designated as Proposal C-360, proposed revisions to loss costs, related rating values and Manual rules effective April 1, 2011.
A complete listing of the proposals and supporting information comprising the Bureau’s April 1, 2011 loss cost filing appears below. Clicking on each listed item will allow you to review and/or download the filing materials as needed.
Copies of the filing material may be printed once the item(s) in question have been accessed. (Note: In total the filing is quite voluminous. Some of the individual items listed below contain many pages. Before printing be sure that you understand the magnitude of the file(s) you will be printing and how your system and equipment will respond to and/or be affected by a print command.)
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| File | Description |
|---|---|
| Letter - Supplement to Filing - December 23, 2010 | |
| Filing Letter | |
| Brown Book | |
| Actuarial and Classification & Rating Committees Minutes | |
| Discussion of Casualty Actuarial Society's "Statement of Principles Regarding Property and Casualty Loss and Loss Adjustment Expense Reserves" | |
| Index and Supporting Classification Exhibits | |
| Exhibit 5 | Table I - Summary of Financial Call Data |
| Exhibit 6 | Paid & Incurred Loss Development & Trend |
| Exhibit 7 | Tail Factors for Loss Development |
| Exhibit 8 | Claim Frequencies |
| Exhibit 9a | Measures of Goodness of Fit in Trend Calculations Using Loss Ratios |
| Exhibit 9b | Measures of Goodness of Fit in Trend Calculations Using Severity Ratios |
| Exhibit 10 | Graphs of Indemnity and Medical Loss Ratios |
| Exhibit 11a | Retrospective Test of Trend Projections for Loss Ratios |
| Exhibit 11b | Retrospective Test of Trend Projections for Severity Ratios |
| Exhibit 12 | Indicated Change in Loss Costs |
| Exhibit 13 | Loss Based Assessments and Employer Assessment Factor |
| Exhibit 14 | Pennsylvania Construction Classification Premium Adjustment Program (PCCPAP) |
| Exhibit 15 | Merit Rating Plan Off-Balance Indications |
| Exhibit 16 | Certified Safety Committee Program Offset |
| Exhibit 17 | Loss Cost Formulae |
| Exhibit 18a | Review of Experience Rating Plan Results (Uncapped) |
| Exhibit 18b | Review of Experience Rating Plan Results (Summary Page Only - with Capping) |
| Exhibit 19 | Review of Experience Rating Plan Parameters |
| Exhibit 20a | Table II |
| Exhibit 20b | Table III |
| Exhibit 20c | Table IV |
| Exhibit 22 | Empirical Loss Distribution |
| Exhibit 23 | Proposed Excess Loss (Pure Premium) Factors |
| Exhibit 24 | State & Hazard Group Relativities |
| Exhibit 25 | Small Deductible - Loss Elimination Ratios |
| Exhibit 26 | Retrospective Development Factors |
| Exhibit 27 | Table B |
| Exhibit 28 | Loss Costs and Expected Loss Factors |
| Exhibit 29 | Tests of Indicated & Selected Loss Costs |
| Exhibit 30 | Distribution of Loss Cost Percentage Changes |
| Exhibit 31 | Expected Loss Factors for Classes Discontinued Effective December 1, 2010 - supplement of December 23, 2010 |
| Staff Memorandum of November 16, 2010 - Proposed Revisions to Designated Auditable Payrolls. | |
Note: Subsequent to the creation of the 2011 database that the Bureau uses to derive classification relativities, the Pennsylvania Insurance Department approved Bureau Filing No. 240 effective December 1, 2010.
Filing No. 240 included the deletion of classifications 0775, 861, 863, and 4775 and the merger of the experience for those classes into 0771, 859, 862 and 4771, respectively. Temporary staffing classes 544, 682, 929, 937 and 947 were also deleted and new temporary staffing classes 520-529 were created although there was no reassignment of experience from the deleted temporary staffing codes to the new classes. Lastly, certain risks in class 817 were moved into the newly created class 828.
The Class Book files (Excel & PDF) and the Supplements below do not reflect the changes approved as part of Filing No. 240, but the “Index and Supporting Classification Exhibits” below include do class book pages showing the combined experience for the four merged classes and the separate experience for codes 817 and 828 after the transfer of risks from 817 to 828 as provided by Bureau Filing No. 240.
| File | Description |
|---|---|
| Index and Supporting Classification Exhibits | Review and/or download Index and supporting Classification Exhibits. File can be printed once accessed. |
| Class Book EXCEL File | Review and/or download the Class Book data in Excel format. The file also contains worksheets showing a record layout of the file, and for viewing or printing individual Class Book pages. |
| Class Book PDF file | The file can be used to print all or selected pages of the Class Book |
| Medical-Only Supplement to Class Book | Review and/or download Medical-Only Claim Count Supplement to the Class Book in Excel format. |
| Exposure and Premium Supplement to Class Book | Review and/or download Exposure and Premium Supplement to the Class Book in Excel format. |