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Workers’ Comp Rates for Ohio Marine Industry Employers Decrease 20%

The Ohio Bureau of Workers’ Compensation (BWC) has reduced its rates for marine industry employers by 20 percent, effective July 1, the BWC said. The change lowers the rates for employers conducting business on Ohio waterways that subscribe to the Marine Industry Fund. Ohio ranks 7th among the 50 states in longshore and harbor worker activity based on total tons of waterborne domestic cargo handled through a state’s ports. The Marine Industry Fund provides coverage for injuries, disease and death resulting from longshore and harbor worker duties for Ohio employers with employees who work on or about navigable waters, as… Read More »Workers’ Comp Rates for Ohio Marine Industry Employers Decrease 20%

California Right to Sue Insurers

An uptick in consumer protection lawsuits against California insurance companies is widely expected in the wake of a state appellate decision allowing a policyholder to sue The Progressive Group of Insurance Companies over alleged unfair claims practices.

Barbeque Safety: At Home and On the Road

Eighty-one million Americans have taken part in a barbecue during the last year. Many of them were in celebration of Independence Day. Whether you’re hosting a party or attending one, be sure to be safe when using the grill and handling food. Keep your grill, your home, and your loved ones safe by following these recommendations from the U.S. Fire Administration: Position the grill well away from siding and deck railings and out from under eaves and overhanging branches. Place the grill a safe distance from lawn games, play areas, and foot traffic. Keep children and pets away from the… Read More »Barbeque Safety: At Home and On the Road

Keep jewelry OFF the Homeowners policy, here’s why..

If jewelry is on HO: The impact of a jewelry claim is serious! Jewelry loss counts as HO loss. Jewelry losses hit CLUE and PILR reports. Client loses homeowners’ “claim free” rating. HO policy is difficult to re-market after a loss. “Mysterious disappearance” claims, in particular, are red flags. HO policies have capacity limitations. Many HO carriers will not cover higher-value jewelry. HO policies will not list non-family members with “insurable interest.” NOTE: 70% OF PERSONAL PROPERTY THEFT LOSSES ARE JEWELRY Want to get a quote for your Homeowners’ Insurance? Visit our website or call 877-239-0067.

Hard Market – Should you wait for it?

If you have active business insurance policy, do your best to keep it, and have no cancellation, especially for non-payment’ otherwise, your policy underwriter can say that future “rewrites” after midterm cancellation may be problematic. This means that another rewrite may need to go through brokerage where rates on your class most likely will be higher and forms more restrictive, probably Claims Made. Most “experts” feel we are on the cusp (

A Big Success with Ocean Express

Below is a small sample of some new Ocean Cargo accounts. Goods Shipped State Premium Auto Parts FL $5,000 Clothing UT $2,324 Computers & Hardware CA $2,686 Furniture NC $2,033 Machinery Parts IA $2,239 Office Equipment PA $1,968 Plumbing Supplies NC $3,383 Promotional Items IL $2,100

Copper Theft Bill in South Carolina

A SC bill designed to curb thieves from ripping copper from air-conditioning units and farm irrigation systems is heading to Gov. Nikki Haley. The Senate voted 39-1 this week to agree to changes made in the House. The amended bill bans cash sales for copper and requires both the seller and recycler to obtain permits from local law enforcement. It requires metal recyclers to record information on the sale, including the seller’s photograph, a copy of the permit and the license plate number. The bill’s supporters say thieves are destroying property for a few dollars’ worth of copper. Law enforcement… Read More »Copper Theft Bill in South Carolina

Riot Damage Coverage – What you should know

As many as 50 storefronts were damaged or destroyed in rioting and looting in Vancouver Wednesday night following the Vancouver Canucks Stanley Cup Finals loss, though not all of the riot damage will be covered by insurance. While Business Owners Policy would cover for things like theft and vandalism, and fire related losses, storefront windows are usually covered under a special contract with glass companies, and often exlude riots, criminal acts and terrorism.

Drivers Test Proves Difficult for Younger Adult Drivers

According to the GMAC Insurance Company, 4 out of 10 young adult drivers, ages 18-24, would fail the driver’s test if they took it today. While the youngest group proved to be the least knowledgeable when it comes to safe driving, 32% of 25-34 year old drivers would also fail the driver’s test if they took it today. Almost 1 in 3 drivers ages 25-34 failed the National Drivers Test—a five percent increase in their failure rate since 2009 (27%). These age groups make up a big portion of the 36.9 million estimated people deemed unfit for the roads based… Read More »Drivers Test Proves Difficult for Younger Adult Drivers

Interesting Industry News

New York City Police Pay More in Liability Claims Than Hospitals. Meaning that NY doctors are better prepared to fight on the legal scene for their malpractice, and not police. My friend recently become an expert witness – registered nurse that can testify before the court clearing the questionable claims. And all only with 2 years of nursing school, 2 years of experience, and 6 month of special classes. May be NY policy can spend a little more time educating their officers about laws and best arresting practices? Allstate’s April-May Catastrophe Losses Top $2 Billion. Once I arrived to the… Read More »Interesting Industry News