PCRB Test Audit Success

Tuesday, September 01 2009 - , , , , - 0 comments

RLD Associates has received excellent news regarding the PCRB test audit program. If you currently participate in the program, or are interested in doing business in PA but are concerned about the test audit program, please see our latest newsletter. The article can be found by clicking on this link: PCRB Test Audit Success .

2008 RLD Pennsylvania Test Audit Results

Tuesday, March 03 2009 - , - 0 comments

RLD Associates, Inc. has been conducting premium audits in the Commonwealth of Pennsylvania for the past 20 years. We take tremendous pride in our Pennsylvania Test Audit Results for the numerous insurance companies we represent. Recently we received our calendar year test audit results from several of our clients. The results are as follows: 2008 Calendar Year Pennsylvania Test Audit Results: Carrier 1: 8 errors out of 68 decisions: Cumulative Error Ratio: 11.8% Carrier 2: 6 errors out of 38 decisions: Cumulative Error Ratio: 15.8% Carrier 3: 18 errors out of 107 decisions: Cumulative Error Ratio...

Minnesota Test Audit Results

Friday, February 20 2009 - , , - 0 comments

Minnesota test audit results have been released, and they are not good. Of the almost 300 voluntary audits that were selected, 53.7% were found to have differences. The assigned risk physical audits were not that much better at 39.4%. In addition, the assigned risk mail audits were sitting at a whopping 90.9%. While we do not currently work in Minnesota, this is still a testament to choosing a good service company with a strong test audit background.

RLD Recognized as a Leader among PCRB Test Audits

Thursday, October 23 2008 - , , - 0 comments

Taking the leap into PA is not an easy step for an insurance company, and we are well aware of that here at RLD Associates. Under the PCRB incentive program, trying to charge the correct premium can be a grueling task when your accepted variance is only a small percentage of the total premium charged. We should know, because we have been doing test audits for years now. With almost 20 years experience in PA we know what it takes to do an audit accurately, and pass the accompanying test audit. Evidence of this is shown by our error ratio which is far below the accepted ratio of 20%. We have the...

Pennsylvania Compensation Rating Bureau / Test Audit Program

Tuesday, September 30 2008 - , , , - 0 comments

Are you experiencing: • An increase in test audit errors from the PCRB? • A gradual increase in your test audit error ratio? • Is the increase applicable regardless of the number of rebuttals you file? • Your selected audits being cited as incompatible on a more frequent basis? You are not alone. In 2007, the test audit average error ratio has continued to increase. While we cannot be certain of the reason, the fact remains that errors and incompatible rebuttal responses are on the rise. RLD Associates Inc. has made a positive major impact on reducing our customer’s error...