Author & Copyright: National Association of Insurance Commissioners (NAIC) Why You Need Insurance “Homeowners insurance is an important purchase for many people. There are two major reasons to buy homeowners insurance: • To protect your assets Homeowners insurance covers the structure of your home and your personal property, as well as your personal legal responsibility… Read More: The NAIC: “Consumer’s Guide to Home Insurance” »
“For federal employment tax purposes, the usual common law rules are applicable to determine whether a worker is an independent contractor or an employee. Under the common law, you must examine the relationship between the worker and the business. All evidence of the degree of control and independence in this relationship should be considered. The… Read More: IRS Topic 762 – Independent Contractor OR Employee »
Author: Phil Gusman, Property Casualty 360 – Auto insurance consumers are bombarded with advertisements promising savings—and most who shop for coverage do indeed tend to choose the cheapest option—but more customers are beginning to feel they’re not getting quite the amount of savings they should, a study says. Customers Starting to Feel They’re Not Getting… Read More: Customers Starting to Feel They’re Not Getting the Savings Promised… »
Thanks to our friends at Insurance Business America: “The freshly minted Federal Insurance Office (FIO) is making its first moves toward the auto insurance sector. In an April 10 notice posted to the Federal Register, the FIO announced it is undertaking a study to examine the affordability and availability of auto insurance to what it… Read More: Federal Control of P&C Insurance Industry Coming? »
Today’s older drivers are not only less likely to be involved in crashes than prior generations, they are less likely to be killed or seriously injured if they do crash, a new Institute study shows. That’s likely because vehicles are safer and seniors are generally healthier. It’s a marked shift that began to take hold… Read More: Fit for the road: Older drivers’ crash rates continue to… »
A new report from employment law firm Seyfarth Shaw reveals class-action lawsuits in wage and hour law cases are seeing pronounced increases over 2013. According to Gerald Maatman, co-chair of Seyfarth’s Class Action Defense group and author of the report, wage and hour cases grew exponentially in 2013 and are continuing to burden industry in 2014. Wage… Read More: Wage & Hour Lawsuits Hit Employers Hard »
25 Risk-Conquering Ideas
Allied Premier BOP Coverage Highlights
Just when you think you’ve heard the worst-ever tale of bad behavior and that nothing new could possibly surprise you, guess again. Get a load of these low lives who have managed to commit some truly depraved acts of insurance fraud. Pay particular attention to the two fellows in the page 1 rogues gallery, Armin… Read More: The 2013 Insurance Fraud Hall of Fame »
It means that we make the effort to add a positive additional value to our insurance products and customer service – which otherwise might be labeled “average” or “plain vanilla.” Most of us perform some level of value adding in our daily lives without giving it a second thought. It can take the form of a warm… Read More: When you say you are a “value added” business, what… »