A Question From Our Blog Readers
Can you give me a quick history on J&L Risk Management Consultants?
Without sounding like an ad, I started J&L Insurance Consultants, Inc. in 1996. I was originally helping the spinning mills in North Carolina straighten up their Workers Comp claims filings and to help them with their E-Mods. Some of them were disastrous with E-Mods over 2.0. Due to NAFTA and GATT, the spinning mills closed very quickly.
I started noticing that the Workers Comp policies were written incorrectly and had many mistakes on them. I had a heavy statistical background and decided to address and try to correct mistakes in the premium calculations and the reserving of files. What I wanted to offer was an analysis that started at the premiums paid and worked back towards the reserves that caused the E-Mods to change.
As far as I know, we are the only company that offers this service that is not involved with making an agent's commission. Some companies are great at analyzing one piece of the process, but we are the only ones that have intuitive software for premium calculations and reserving.
Being a former Systems Engineer for a major computer company, I was able to construct software that would enable employers to analyze and cut their Workers Comp Costs. We have found it to be invaluable in helping employers cut their comp costs over time.
Without sounding like an ad, I started J&L Insurance Consultants, Inc. in 1996. I was originally helping the spinning mills in North Carolina straighten up their Workers Comp claims filings and to help them with their E-Mods. Some of them were disastrous with E-Mods over 2.0. Due to NAFTA and GATT, the spinning mills closed very quickly.
I started noticing that the Workers Comp policies were written incorrectly and had many mistakes on them. I had a heavy statistical background and decided to address and try to correct mistakes in the premium calculations and the reserving of files. What I wanted to offer was an analysis that started at the premiums paid and worked back towards the reserves that caused the E-Mods to change.
As far as I know, we are the only company that offers this service that is not involved with making an agent's commission. Some companies are great at analyzing one piece of the process, but we are the only ones that have intuitive software for premium calculations and reserving.
Being a former Systems Engineer for a major computer company, I was able to construct software that would enable employers to analyze and cut their Workers Comp Costs. We have found it to be invaluable in helping employers cut their comp costs over time.
Labels: JL Quick History
posted by James J Moore at 6:14 AM
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