Commissioner Orders Benchmark Workers’ Comp Rate Reduction
California Insurance Commissioner Ricardo Lara has ordered that the state’s average benchmark workers’ compensation rate be cut by 2.1%, starting Sept. 1. The decision rejected the Workers’ Compensation Insurance Rating Bureau’s recommendation that the benchmark rate be raised by 0.9%,…
Insurers Get Picky About Older Roofs
As homeowner’s insurance companies become more selective about whom they will or won’t cover, one element that can make or break the deal is the age of the roof. Some insurers in states at high risk of natural catastrophes are…
Adult Children and Your Liability if They’re Negligent
If you have an adult child who you are still paying some expenses for, or they are studying in college (living either away from you or at home), you could still be held liable for any damage they cause through…
Top 10 Productivity Killers in the Workplace
Although technology is often billed as a productivity enhancer, allowing us to do more with less, it can be a major disruptor of productivity, as well. Behaviors of co-workers, meetings, and other factors are also creating obstacles to maximizing performance.…
Many Small Businesses Can’t Detect Workers’ Comp Fraud
Fraud eats away at workers’ comp costs for all businesses, but it hits small firms the hardest as they may not have the resources to identify bogus claims. According to a new study by workers’ comp insurer Employers Holdings Inc.,…