BEST IN TOW PROGRAM GUIDELINES
2. AUTO LIABILITY CLAIMS REPORTING TIME Auto liability claims reporting time will be measured by comparing the claims reporting date to the occurrence date for claims occurring during the loss evaluation period from 6/30/23 - 6/30/24. The best practice is to report claims directly to your carrier no later than 24 hours after an occurrence. Please note that claims valued under $100 will not be included in this calculation. In addition, if there is no AL claim activity, you will automatically be awarded 1,000 points. Points are earned as follows: Claims Reported Within 24 Hours of Occurrence Points Earned 75.0%+ 1,000 70.0% - 74.9% 750 65.0% - 69.9% 500 60.0% - 64.9% 250 59.9% or less 0 3. AUTO LIABILITY CLAIMS SEVERITY This category measures large loss experience during the loss evaluation period (6/30/23 - 6/30/24) and begins with each customer being provided with 1,000 points and deductions made per claim using gross incurred dollars as specified below. For example, if you have a claim valued at $500,000, and another claim valued at $100,000, your overall point deduction will be as follows: Two claim occurrences valued at $500,000 & $100,000 = 600 points deducted. A claim will be defined as one claim occurrence regardless of the number of claimants or injury types resulting from that
incident. Please note that claims valued under $100 will not be included in this calculation. Points are deducted from an initial starting amount of 1,000 points for this category as follows: Severity Points Deducted $50,000 - $99,999 50 Points Deducted $100,000 - $249,999 100 Points Deducted $250,000 - $499,999 250 Points Deducted $500,000 - $999,999 500 Points Deducted > $1M Disqualified
*NOTE: The maximum amount that may be deducted from this category is 1,000 points. Thus, once the total number of large loss claims results in a deduction of at least 1,000 points only 1,000 points will be deducted, no further point deductions will be incurred for this category, and any deductions over 1,000 will be absolved so as not to further negatively impact your overall score. If at any time prior to the end of the contest period, you incur a claim that is $1 million or greater in gross incurred claims dollars, you will automatically be disqualified from the contest. National Interstate may evaluate gross incurred claims dollars for claims occurring during the loss evaluation period (6/30/2023 - 6/30/2024).
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