More Contractors Increase Deductibles to Reduce Insurance Premiums
As construction projects become larger and more complicated, contractors are taking on more of the risk by increasing their builder’s risk insurance deductibles, according to a recent report. Michael Cusack, executive vice president of insurance broker Alliant Specialty, told Insurance…
Your Car’s ‘Black Box’ Can Save You Money
Once only in commercial aircraft, “black box” event recorders are now standard in most new cars sold in the U.S. Like on a plane, in the wake of a crash, the black box analyzes the cause and effects of an…
Insurance Commissioner Orders Moratorium on Home Insurance Cancellations for Wildfire-Affected Areas
Homeowners in Los Angeles County impacted by recent wildfires can breathe a little easier after state Insurance Commissioner Ricardo Lara issued an order that bars insurance companies from canceling or non-renewing homeowner’s policies in wildfire-affected areas for at least one…
Are Injuries on Commute or in Parking Lot Covered?
When employees are injured on the job, they are eligible for workers’ compensation benefits, but not if the accident occurs on their commute to or from work — in most cases, at least. But how about if an employee is…
The Growing Danger of Lithium-Ion Battery Fires
Lithium-ion batteries power many of the devices we use every day, but they also pose significant fire risks if mishandled. Fires caused by these batteries in cell phones, laptops, electric vehicles, and more are on the rise, and the number…