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WCIRB Suggests 29.6% Increase in Rates

It is unfortunate that the Commissioner of Insurance (Poizner) has repeatedly ignored previous suggestion of rate increases as it would hurt his chances of being Governor, but since he has ignored the warnings of the Workers Compensation Insurance Rating Bureau (WCIRB) (which is an apolitical, quasi-governmental actuarial department) it has...

XactPay® From The Hartford is now available

Introducing a brilliant three-step Workers' Comp premium payment strategy that can save you money: Van Beurden Insurance  is currently placing Workers' Compensation accounts in The Hartford XactPay® system. It's the fastest growing payment format in the industry. More than 60% of all employers currently use some form of "instant" pay...

A Successful Workers’ Comp Final Audit Protest

Our assistance as Work Comp Advisors has just resulted in major savings by one of our clients. What originated as a $79,422.70 additional final audit billing has been successfully protested and reversed resulting in a $4,317.30 premium return. This is a total difference of $83,740 and took three weeks to resolve. Our client...

Are Your Valuable Possessions Protected?

People who own valuable possessions such as jewelry, antiques, paintings and other fine arts need broader coverage than what a basic homeowner’s policy provides. Although most homeowners’ insurance policies will pay for items damaged by losses such as fire and theft, scheduling these items expands coverage to protect additional losses such...

Self Insured Group Goes Down

And might take its members with them. The following is from a recent article from the Insurance Journal Online. California Contractors Self-Insured Group Closes By Patricia-Anne Tom April 30, 2010 The California Office of Self-Insured Plans is revoking the certificate of the Contractors Access Program of California (CAP), a self-insured group of contractors, as requested by...

Personal Umbrella Insurance

Do you have personal umbrella insurance?  If not, it could cost you a fortune! If you have assets that are greater than your current insurance liability limits, you should protect them with an umbrella policy.  With the frequency of lawsuits increasing dramatically it has become more important than ever to make sure...

Independent Contractors and the New Economy

The fact of the matter is, there is much confusion regarding the status of who actually is an independent contractor. Despite rumors that the economy is slowly, very slowly rebounding, government entities nationally are in fiscal holes: The Obama administration estimates that there is up to $2.7 billion+ in unpaid Social Security,...