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I wouldn’t pro forma the current runrate given it’s based on variable components that were significantly different in earlier periods.
The typical approach is to ensure the correct expense is booked to the policy period, and then ratably spread monthly.
Second, haven’t seen a current insurance premium amount spread over historical period, just spreading the expense ratably over the respective policy period
Approach challenges with discernment and continue progressing with confidence.
Liability and worker comp insurance just FYI
Is it self insurance or insurance with third party? Why did insurance increase so much? I guess the answer will depend on
I initially was thinking something similar to this, thank you!