The Insurance Services Office, Inc., introduced a new edition of the Motor Carrier Coverage Form in December 2023, which aims to offer greater flexibility than the prior edition. This change responds to the evolving needs of the motor carrier industry. The motor carrier coverage form is a specialized policy designed to cover the automobile insurance… Read More »
If and when you have an insurance claim to report, you should inform your insurance agent of its occurrence as soon as possible, even if you called the claim in direct to the insurance company. Reporting direct is not only accepted today, it is encouraged by many insurance companies and agents, including this writer, IF… Read More »
Pursuant to Iowa Code section 515A.6(7), notice is hereby given that the National Council on Compensation Insurance, Inc. has made a rate filing which affects the premium rates for workers’ compensation insurance. The rate filing proposes an overall decrease of 12.0% in the voluntary and assigned risk markets from the current rates that became effective on January 1,… Read More »
Respondeat Superior in Latin literally means “let the superior make answer.” In legal terminology, respondeat superior or “vicarious liability” is the doctrine in which an employer or principle is held liable for their employees’ or agents’ wrongful acts committed within the scope of employment. A California appellate court described the doctrine as follows: Respondeat Superior,… Read More »
Iowa Insurance Commissioner Doug Ommen has approved NCCI’s August 30, 2019, worker’s compensation rate filing with an overall decrease of 3.0%. The rates will be effective January 1, 2020.
This year is shaping up to be one of the worst in terms of catastrophe losses the insurance industry has ever incurred, as data for the third quarter of 2018 paints a grim picture. During Q3 2018, the US was beset by the destructive Hurricanes Florence and Michael, which together caused more than $31 billion… Read More »
Pursuant to Iowa Code section 515A.6(7), notice is hereby given that the National Council on Compensation Insurance, Inc. has made a rate filing which affects the premium rates for workers’ compensation insurance. The rate filing proposes an overall decrease in voluntary and assigned risk rates of 9.2% from the current rates that became effective January 1, 2018.… Read More »
Workers compensation insurance rates will again dip in most states in 2018 as claims frequency declines and workplace safety continues to improve, two trends experts are crediting for the double-digit rate decreases proposed and enacted over the past several weeks. “It’s nothing new this year; it’s a continuation of what we are seeing,” said Jeff… Read More »
North American commercial property insurance rates could see a spike in 2018 for properties that suffered catastrophe property losses in 2017; this according to a report by Willis Towers Watson [WTS], a leading global insurance advisor, broker and solutions company. The commercial property insurance market has been soft for the last several years – due… Read More »
Section 563 of the 2008 Consolidated Appropriations Act, Subtitle J, Secure Handling of Ammonium Nitrate (“Section 563”), Public Law 110–161 (PDF, 614 pages – 1.7 MB), amends the Homeland Security Act of 2002. The amendment requires the Department to “regulate the sale and transfer of ammonium nitrate by an ammonium nitrate facility … to prevent… Read More »