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Sun City West committee hears workers’ compensation renewal briefing; officials say claims trending down
Summary
The Budget and Finance Committee heard a workers’ compensation renewal overview from Marsh McLennan and HR staff showing a high experience modification tied to 2022 claims but improving loss ratios and fewer indemnity claims; staff and the insurer recommended continued proactive claims handling and quarterly reporting.
The Recreation Centers of Sun City West Budget and Finance Committee on March 4 heard a presentation on the association’s workers’ compensation renewal from Brian Wilder, principal at Marsh McLennan, and Kirsten Peterson, head of human resources.
Wilder told the committee the program had a difficult claim year in 2022 that is still affecting the association’s experience modification (eMod), the industry metric used to calculate premium. “Let me just say that it is improving,” Wilder said, adding the current eMod is 1.77 and — assuming current trends continue — could fall to about 1.5 next year and below 0.8…
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