{"id":323,"date":"2024-02-24T03:04:01","date_gmt":"2024-02-24T03:04:01","guid":{"rendered":"https:\/\/slaannualreport.com\/2023\/?page_id=323"},"modified":"2024-02-29T17:43:03","modified_gmt":"2024-02-29T17:43:03","slug":"coverage","status":"publish","type":"page","link":"https:\/\/slaannualreport.com\/2023\/coverage\/","title":{"rendered":"coverage"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;chair&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#000b4f&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_stops=&#8221;#000b4f 46%|#1c008c 100%&#8221; background_image=&#8221;http:\/\/slaannualreport.com\/2023\/wp-content\/uploads\/sites\/2\/2024\/02\/CORE-VALUE-04.jpg&#8221; background_blend=&#8221;overlay&#8221; custom_padding=&#8221;25px||||false|false&#8221; custom_padding_tablet=&#8221;25px||||false|false&#8221; 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fullscreen; picture-in-picture\" title=\"Jody Black Talks New Coverage Codes\"><\/iframe>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; disabled_on=&#8221;on|off|off&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;0px||||false|false&#8221; custom_padding_tablet=&#8221;0px||||false|false&#8221; custom_padding_phone=&#8221;0px||50px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_direction=&#8221;90deg&#8221; background_color_gradient_stops=&#8221;#521468 0%|#bf3728 17%|#2a9fc7 39%|#274ab2 58%|#f4385a 82%|#f96f34 100%&#8221; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; min_height=&#8221;8px&#8221; min_height_tablet=&#8221;10px&#8221; min_height_phone=&#8221;5px&#8221; min_height_last_edited=&#8221;on|phone&#8221; max_height=&#8221;8px&#8221; max_height_tablet=&#8221;10px&#8221; max_height_phone=&#8221;5px&#8221; max_height_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;0px|0px|0px|0px|false|false&#8221; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; width_tablet=&#8221;85%&#8221; width_phone=&#8221;85%&#8221; width_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;50px||0px||false|false&#8221; custom_margin_tablet=&#8221;30px||||false|false&#8221; custom_margin_phone=&#8221;20px||||false|false&#8221; custom_margin_last_edited=&#8221;on|tablet&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.23.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text content_tablet=&#8221;<\/p>\n<p style=%22text-align: left;%22>%22With the new coverage code system, our data reporting has improved immeasurably. We&#8217;re able to gather information more quickly. We can provide specific information to our member brokers with regard to what they&#8217;re insuring with more specificity than we were before.%22<\/p>\n<p style=%22text-align: left;%22><strong>Jody Black<\/strong><br \/>VP, Data Analysis<\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p style=%22text-align: left;%22>%22With the new coverage code system, our data reporting has improved immeasurably. We&#8217;re able to gather information more quickly. We can provide specific information to our member brokers with regard to what they&#8217;re insuring with more specificity than we were before.%22<\/p>\n<p style=%22text-align: left;%22><strong>Jody Black<\/strong><br \/>VP, Data Analysis<\/p>\n<p>&#8221; content_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;24px&#8221; text_line_height=&#8221;1.6em&#8221; text_font_size_tablet=&#8221;20px&#8221; text_font_size_phone=&#8221;15px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\">&#8220;With the new coverage code system, our data reporting has improved immeasurably. We&#8217;re able to gather information more quickly. We can provide specific information to our member brokers with regard to what they&#8217;re insuring with more specificity than we were before.&#8221;<\/p>\n<p style=\"text-align: center;\"><strong>Jody Black<\/strong><br \/>VP, Data Analysis<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; disabled_on=&#8221;off|off|on&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#000b4f&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; custom_padding_tablet=&#8221;0px||||false|false&#8221; custom_padding_phone=&#8221;0px||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_direction=&#8221;90deg&#8221; background_color_gradient_stops=&#8221;#521468 0%|#bf3728 17%|#2a9fc7 39%|#274ab2 58%|#f4385a 82%|#f96f34 100%&#8221; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; min_height=&#8221;8px&#8221; min_height_tablet=&#8221;10px&#8221; min_height_phone=&#8221;5px&#8221; min_height_last_edited=&#8221;on|phone&#8221; max_height=&#8221;8px&#8221; max_height_tablet=&#8221;10px&#8221; max_height_phone=&#8221;5px&#8221; max_height_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;0px|0px|0px|0px|false|false&#8221; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=&#8221;off|off|on&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; width=&#8221;90%&#8221; max_width=&#8221;1200px&#8221; custom_margin=&#8221;25px||0px||false|false&#8221; custom_margin_tablet=&#8221;20px||||false|false&#8221; custom_margin_phone=&#8221;35px||||false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;0px|0px|30px|0px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; custom_css_main_element=&#8221;margin:auto;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text disabled_on=&#8221;off|off|on&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|600|||||||&#8221; header_text_color=&#8221;#FFFFFF&#8221; header_font_size=&#8221;25px&#8221; header_line_height=&#8221;1.2em&#8221; custom_margin=&#8221;||10px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>COVERAGE CODE REDESIGN<\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;1.3em&#8221; text_line_height=&#8221;1.55em&#8221; header_font=&#8221;Open Sans|600|||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#FFFFFF&#8221; header_font_size=&#8221;2.5em&#8221; header_line_height=&#8221;0.9em&#8221; header_2_font=&#8221;|||on|||||&#8221; header_2_text_color=&#8221;#FFFFFF&#8221; header_2_font_size=&#8221;56px&#8221; custom_padding=&#8221;||14px|||&#8221; text_font_size_tablet=&#8221;1.3em&#8221; text_font_size_phone=&#8221;1em&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>As an advisory organization, gaining a thorough understanding of the market is crucial. To achieve this, the SLA revised the coding methodology for coverages by expanding coverage codes from three digits to four. This adjustment allows for a precise representation of the wide range of coverage types found in the marketplace.<\/p>\n<p>The restructuring of coverage codes was a substantial effort, involving multiple departments, working groups, and a comprehensive update to our enterprise platform, the Surplus Line Information Portal (SLIP). 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