This has made the process much simpler. Access to detailed information is still available, but the focus is on data that would help us make meaningful reductions in our workers compensation losses. We now distribute quarterly updates on losses and lag times, which are two components of our incentive program. A significant portion of premiums is rebated by our captive insurance company if a business unit achieves its loss reduction and lag time targets. This has given local managers an added incentive to take ownership of their workers compensation performance.
Detailed information is still accessible and regularly reviewed by the business units.
The ability of the RMIS to provide trend information and peer group data, however, has been one of the drivers behind the turnaround in our workers compensation performance. Our insurance program is continually evolving to meet the changing needs of our business as well as respond to the changing environment. Communication, between our partners and the multiple users of the various services throughout our organization, helps us identify situations requiring adjustments. Dexter is fortunate to have a culture that places a high value on health, safety, and the environment. We have changed our programs as a direct result of the market s softness.