In the past we were resistant to write insurance for artisan contractors. We were mostly dealing with small, usually one man, companies, and efforts spent to provide insurance quote most of the time weren’t justified with a bottom line. Today we’re happy to announce “Happy Artisan Contractors” program. Premium starts from $750 to $1000 in California ($450 to $1000 in… Read More »Insurance for contractors – announcement
In what’s being called “a major victory for insurance agents and brokers,” the California Department of Insurance has notified the California Office of Administrative Law of its intention to repeal certain portions of its privacy regulations. The CDI notified OAL of its decision to repeal California Code of Regulations Section 2689.8(c)(3). That provision requires agents and brokers to annually mail… Read More »Modified Privacy Regulations Make Insurance Shopping Easier in California
Red-light cameras — recent additions at many Washington intersections — make drivers more cautious in pushing the limits of yellow lights, according to a recent poll. In a survey conducted by PEMCO Insurance, 55 percent of drivers said the cameras made them think twice before going through a yellow light. Yet drivers surveyed also said they would prefer the state… Read More »Drivers More Cautious When Monitored by Traffic Cameras
More than half of U.S. consumers say poor service from an insurance company is more likely to cause an individual to commit fraud against that company, according to a survey by Accenture. The survey also reveals a significant increase in claims filed, with nearly half of U.S. adults saying they had filed property/casualty insurance claims at some time, up from… Read More »Poor Service Leads to Fraudulent Insurance Claims: Survey
An ultralight, gas-powered car that can get 102 miles per gallon is among the winners of the $10 million Automotive X Prize, a contest to develop highly efficient, production-ready vehicles. The X Prize, which is funded by Progressive Insurance, gave 111 teams 30 months to develop their vehicles and then put them through driving, safety and efficiency tests. Some of… Read More »Fuel Efficient Vehicles Update
Texas recorded a preliminary total of 480 work-related fatalities in 2009, a 4% increase compared to the revised 2008 total of 463 fatalities, as reported by Texas Department of Insurance, Division of Workers’ Compensation. Nationally, there were 4,340 fatal work injuries in 2009, a decrease of 17 percent from the revised total in 2008, according to the most recently available… Read More »Fatalities Related to Work Up in Texas
With the U.S. energy industry on the verge of a “renewable revolution,” fueled by state-level renewable portfolio standards and significant investments by public and private entities, companies engaged in renewable energy will need to protect their assets and investments while seeking ways to capitalize on the industry’s tremendous growth potential. The Hartford Financial Services Group, Inc. today announced the formation… Read More »Hartford Launches Renewable Energy Unit
According to Hewitt’s Associates, group health care plan costs are expected to increase an average of 8.8% in 2011, the largest percentage gain since 2005, new research shows. The average group health plan cost per employee is projected to rise to $9,821 next year. Costs include employer and employee premium contributions, but not employee out-of-pocket expenses, such as copayments and… Read More »Will Group Health Cost Rise in 2011?
There were 725 natural catastrophes worldwide that caused $18 billion in insured losses during the first nine months of this year, Munich Reinsurance Co. said Monday.
California Worker’s Compensation Medical Provider Network (MPN) New Requirements Effective October, 2010
In an effort to streamline the notification process and reduce the burden on employers, the Administrative Director of the California Division of Worker’s Compensation (DWC) recently amended regulation relating to MPN’s. The DWC regulates how an employer implements a MPN, requiring them to provide specific notification to their California employees. The purpose of this letter is to alert you to… Read More »California Worker’s Compensation Medical Provider Network (MPN) New Requirements Effective October, 2010