Insurance Xdate > Reports > OR > Kay Freytag Aurette


Commercial Insurance Overview

Kay Freytag Aurette is based in Malheur county in Oregon. They operate in the Retail industry, specifically in Hardware Stores, which is a low risk industry. It is worth putting effort into risk management to be able to leave the Assigned Risk pool.

Having been with the same worker's comp carrier for 6 years, it may be wise to shop around. We have coverage data for them in a single state.

The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.134. An LCM of 1.134 is pretty good. More details on how it compares can be seen below. The (LCM) that they are with increased by 16% which is a significant shift. It is worth investigating why.

Premium Comparison

This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Kay Freytag Aurette. This can give you an idea of what carriers might best fit your business.

$3.85$0.75
Erie Ins Grp
$1.50
$1.04$2.30
Berkshire Hathaway Grp
$2.20
$1.20$2.08
Hartford Fire & Cas Grp
$1.91
$0.83$3.56
Travelers Grp
$1.32
$0.85$3.85
Amtrust Ngh Grp
$1.85
$1.00$2.30
State Farm Grp
$2.09
$1.14$2.10
Selective Ins Grp
$3.03
$1.10$3.43
Markel Corp Grp
$2.06
$1.40$2.39
Proassurance Corp Grp
$1.65
$1.00$1.73
Liberty Mut Grp
$1.56
$0.75$3.20

Market Comparison for Kay Freytag Aurette

LCM Rate

LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.

  • The LCM of the Current Carrier is in-line with peers, in the 52nd percentile.
  • In the last year, LCM Increased by 16%. While peers Increased an average of 0%.
Needs Attention

Market Competitiveness

We measure relative change (when a business chooses a different WC provider), and market share distribution over a rolling 24 months as compared to it's industry and state level activity to determine how competitive carriers are for your class of business.

  • 2% of peers have changed carriers since last year.
  • Of those who changed carriers, 12.8% decreased their LCM vs those who stayed with their current provider who saw a 0.4% increase, a difference of roughly 34x.
  • Current Carrier's market share is in the 95th percentile at 14.5% of the market.
Needs Attention

Business Owners

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Policy Renewal Date
Current Carrier
Policy Number
Class Code
SIC Code
NAICS Code
LCM
Multi State
Carrier Tenure
Employees
Contact Phone
Loss Cost
Coverage History


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Carriers & Underwriters

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  • Competitive Account Won/Loss
  • Competitive Class distribution
  • Appetite Analysis
  • Market Share Analysis