The disruption to business and everyday life caused by the coronavirus (COVID-19) pandemic is resulting in an economic impact for every business. With hourly announcements from health agencies calling for social distancing, school closings, business restrictions, and event cancellations, current news reports indicate the crisis will get worse before it gets better. Much of this …
Fewer tornadoes, a mild hurricane season, lower acreage lost to wildfires, overall less flood and other damage— all in all, 2014 was not as bad as it could have been for natural disasters in the U.S. That’s according to global property information and analytics firm CoreLogic, which released its annual Natural Hazard Risk Summary and Analysis …
Business insurance premium is subject to audit: workers compensation audits payroll, product liability audits sales, payroll as well is under audit in the construction industry. And if you ever had business insurance and gone through the audit, I am sure you’d been wondering around confusing forms on multiple pages, that required you some calculations and …
Not a long while ago, the payroll billing premium was available only through a state compensation insurance company, for a large premium account or sometimes through a payroll company like Paycheck that was calculating the premium as they calculate your monthly payroll. Lucky us, Hartford Insurance Company has introduced: Here’s how it works Purchase a Hartford Workers’ …
U.S. property/casualty insurance rates dropped an average of 4% in May compared with the same period last year, Dallas-based electronic insurance exchange MarketScout said. Property/casualty rates also fell 4% in April and March. There has been debate about how recent catastrophes—including the March 11 earthquake in Japan and floods in Australia—will affect insurance pricing, experts …
The National Association of Insurance Commissioners (NAIC) survey found the most common car-related, money-saving lifestyle changes consumers made in the last 12 months that could impact their insurance costs were: Nearly 40 percent of respondents are driving less overall and/or taking public transportation more frequently. Close to 20 percent of car owners traded in a …
Violent crime is down 6.2% and property crimes have decreased 2.8% in the U.S., according to the latest government statistics. Also, arson offenses, which are tracked separately from other property crimes, is down 14.6 percent nationwide. The Federal Bureau of Investigation (FBI) report compares information from law enforcement agencies for the period January to June …
Medical cannabis dispensaries, collectives, cooperatives, cultivators and caregivers operating within state guidelines have a new option to protect themselves. Coverage for medical marijuana operations is now available. In addition to working with one of the largest, A+ rated, international insurance carriers to develop the raid coverage program, the programs specifically designed to meet the evolving …
Global driver risk management company has partnered with Zurich on its new, integrated fleet risk management system called Zurich Fleet Intelligence (ZFI), offering its telematics services to Zurich’s insurance customers seeking ways to minimize their fleet’s operating costs and reduce crashes, all while keeping their vehicles up-and-running and drivers safe. ZFI works by combining the …
Presently, Texas State law does require that interlock devices be installed in the vehicles of drivers convicted of two or more DUIs, or those that have a blood alcohol concentration of 0.15 or more — nearly twice the legal limit of 0.08. New Bill, introduced recently, require that all persons convicted of driving while intoxicated …