Updated News: Big Changes Started 4/1/24 for the PCRB Experience Rating Plan

The Pennsylvania Compensation Rating Bureau (PCRB) changed the manner in which experience modifications factors are calculated. This change took effect for policies renewing after April 1, 2024. Outlined below are the key changes: The eligibility threshold will be lowered from $10,000 to $5,000. Result:  This means smaller businesses who were not previously eligible for the […]

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Public Company Governance Best Practices Lowers Risk and Increases Results

Governance

Governance practices for a public company are crucial to ensuring transparency, accountability, and long-term success. Here are some key practices, accompanied by some relevant statistics: 1. Strong Board Composition and Structure Diversity: Boards with diverse members in terms of gender, ethnicity, and skills tend to perform better. Companies with diverse boards see a 15% higher […]

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NAFA Meeting on EV Fleet Risks

Representing KMRD Partners, Branch President, Bob Dietzel, made a presentation to the National Association of Fleet Administrators (NAFA)  in Whippany, New Jersey entitled “Insurance risks and considerations when planning for EV’s in your fleet”. Bob was asked to speak about risk and insurance issues of incorporating Electric Vehicles into commercial fleets. For a copy of […]

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Worldwide Broker Network European Regional Conference

Representing KMRD Partners, a Foundation Risk Partners company, our International Practice Leader, Ingrid Dunlap, attended the Worldwide Broker Network European Regional conference in Stockholm, Sweden. She joined 280 other insurance professionals from over 70 countries. Participation in WBN conferences is paramount to our success supporting our clients’ growth beyond traditional US borders. Continuing to strengthen […]

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Mergers and Acquisitions – Insurance & Risk Issues

Risk and Insurance Issues Regarding Mergers and Acquisitions – 2 Myths & 3 Lessons Over the years our risk, insurance and human capital advisory firm KMRD Partners has supported companies contemplating a merger, acquisition or sale with due diligence and other risk related issues. Here are some things to consider, along with five important lessons […]

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Big Changes Starting 4/1/24 for the PCRB Experience Rating Plan

Authored by Ingrid Dunlap A statement was recently released by the Pennsylvania Compensation Rating Bureau that the Pennsylvania Insurance Commissioner has approved the revised Experience Rating Plan on August 18, 2023. Below are the key points being made that we should be aware of. Key changes to the approved Experience Rating Plan (ERP) are as […]

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Personal Lines Marketplace Challenges

“The price of staying where you are could be much greater than the price of change.” After a discussion at KMRD Partners about how we are in the worst Personal Lines market since the early 1990’s the following was brought to light: Geico, in New Jersey, states that we can expect personal auto rates to […]

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We Have Some Exciting News to Share!

We have some exciting news to share! Our very own Carol Mosteller is the Five Star Home/Auto Insurance Professional 2023 Award Winner as seen in Philadelphia Magazine. A blue ribbon panel of industry experts reviews a list of candidates backed behind extensive research that allows no more than 7% of professionals in each category to […]

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Why is Incident Reporting and Investigation a Vital Component of Workplace Safety?

  Incident reporting lets workers report an accident or a near-miss incident. The goal is to promote safety and prevent future incidents by learning from past events. Did you know that incident reporting is one component of workplace safety? Incident reporting helps organizations make informed decisions for employee training and safety programs. Investigations may identify […]

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Remote Workforce Woes Webinar Recording

For those who missed our webinar on “Remote Workforce Woes Webinar”, here is a recording! Our experts discuss the top challenges faced by employees with the new norms of a work from home workforce. Chris Van Buren from KMRD will be joined by Ingrid Dunlap (Risk Manager at KMRD Partners), Brian Kitchen (Director in Kreischer […]

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