Capstone Insights
Following years of declines, the percentage of employees in the combined U.S. workforce testing positive for drugs has steadily increased over the last three years to a 10-year high. Continue reading →
Employee retention rates are a common concern for many businesses, whether How to Improve Employee Retention with Tax-Free “Fringe” Benefits they are large or small. But for small businesses, employee retention is imperative because there may only be one person in each role. If an employee jumps ship, who will pick up the slack while the position is vacant? Continue reading →
When trying to fill a vacant position, it can seem impossible to find the “right” person in an inbox full of resumes. A recent study from ADP states that mid-sized companies are not only concerned with recruiting top talent, but with keeping them – a challenge usually addressed in an employee retention strategy. If you have this concern, you are certainly not alone. Continue reading →
A left-turn at the light with oncoming traffic; the collision occurs and now you are headed to intercompany arbitration on the subrogation claim as the parties dispute who was at fault.
An all too familiar scenario for those adjusting auto losses, but an increasingly relevant fact pattern in the world of subrogation recovery. While 85-90% of all subrogation claims are resolved between carriers and self-insureds without a problem, it is the other 10-15% that can make the difference to the bottom line for insurance organizations.
Continue reading →
A new report released by the Travelers Companies Inc., reveals that even minor injuries can substantially impact business productivity.
The Injury Impact Report identifies the most common causes of workplace accidents and injuries through analysis of 1.5 million workers’ compensation claims filed between 2010 and 2014 from a variety of business sizes and industries. Continue reading →
Employers are not exempt from federal requirements to record workplace safety injuries and illnesses involving intoxicated workers, even if post-accident testing reveals the employee was drunk at the time of the incident. Continue reading →
Garage Keeper’s liability coverage is an optional but recommended insurance coverage for business owners that store customer’s vehicles. It is specifically beneficial to have for a business that provides either towing service or parking service. Basically, a garage keeper’s liability policy will protect the customer’s vehicle while their automobile is stored for parking, during maintenance or for general storage needs. Continue reading →
The property/casualty industry is undergoing significant challenges with increased claim severity in liability and physical damage claims. These increases are outpacing inflation and rate adequacy. According to the Insurance Information Institute, in 2009 the average private passenger auto bodily injury claim was $13,891. In 2014, that average grew to $16,640 – an increase of almost 20 percent. The private passenger auto collision loss ratio has risen from 67.7 percent in 2010 to 78.3 percent in 2015 – a 16 percent increase. The loss ratio can be adversely impacted by claim handling, underwriting and rate inadequacy with claim leakage as a primary cause of loss ratio deterioration. Continue reading →
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