Skip to content

California

Ridesharing Insurance Rules in California

Free Gas Today Uber ridesharingA new law requiring that ridesharing drivers and companies have liability insurance coverage during all three periods in which they use the ride-sharing application went into effect 7/1/2015.
The rules are in effect under Assembly Bill 2293, which was signed into law in September 2014.

The law stipulated divides ridesharing activities into three periods.
[process_steps type=”horizontal” size=”small”] [process_step title=”Period one” icon=”mobile-phone” icon_color=”#ff0000″] App open and waiting for a match [/process_step] [process_step title=”Period two” icon=”map-marker” icon_color=”#beb509″] Match accepted, but passenger not yet picked up [/process_step] [process_step title=”Period three” icon=”car” icon_color=”#239c0a”] Passenger in the vehicle and until the passenger exits the vehicle [/process_step] [/process_steps]

AB 2293 requires:

Read More »Ridesharing Insurance Rules in California

Workers Compensation Rate Increase in California

We are seeing mostly rate increases and a lot of carriers filing to adopt the new California WCIRB Pure Premium Rate Filing Decision (PPRs). We’re also seeing mostly increases in the loss cost modifiers which will effect ultimate rates. The following are California rates changing in January through March. If you are looking to switch to another insurance carrier request your workers compensation insurance quote and we will provide you with a competitive offer. Preferred Professional Ins Co files a +9.8% rate increase effective January 1, 2015 Preferred Professional Insurance Company files to adopt the 1/1/15 WCIRB pure premiums.

[AMERICAN CONTRACTORS INS GROUP] ACIG Insurance Company files a 4.95% rate increase effective January 1, 2015 ACIG Insurance Company files to adopt the 1/1/15 WCIRB pure premiums.

[STATE FARM GROUP] State Farm Fire and Casualty Company files a +2.4% rate increase effective January 1, 2015 State Farm Fire and Casualty Company files to adopt the 1/1/15 WCIRB pure premiums, and revise its minimum premiums. Care West Insurance Company files a +2.3% rate increase effective January 1, 2015 Care West Insurance Company files to adopt the 1/1/15 WCIRB pure premiums.Read More »Workers Compensation Rate Increase in California

Why Californians Aren’t Buying Earthquake Insurance?

San Francisco Earthquake No doubt after last earthquake near Napa, you’ve purchased or restocked your emergency kits, and rehearsed with friends and family what the plan is if another big one hits. And then, there’s earthquake insurance, or probably not. Most Californians if they’ve looked into it have already determined earthquake insurance is far too expensive for what they’re likely to get in return. According to Amy Bach, an executive director and co-founder of United Policyholders, a San Francisco based nonprofit that advocates for insurance consumers, people often go on rumors, and there is a lot of misinformation out there about earthquake insurance in general. Including in the agent/broker community. Now there’s a lot of folks out there selling it that really don’t know about all the options.Read More »Why Californians Aren’t Buying Earthquake Insurance?

Federal Unemployment Insurance Cut in Half

The House of Representatives passed HR 3630. This is an omnibus measure that contains a variety of items. Among them are the following: It would reduce unemployment benefits by one half cutting them from 99 to 59 weeks. It would let the last leg of federal unemployment insurance extension, 13 to 20 weeks to expire. This would impact the states with the highest rates of unemployment. It would require means testing of workers based on income. There would be a $5.00 charge for each reemployment. Waivers would be granted for workforce programs. States would be allowed leeway in Non Reduction… Read More »Federal Unemployment Insurance Cut in Half