Weather incidents account for more than half of all homeowners insurance claims, with wind, pipes freezing and bursting, roof and flashing leaks and ice dams among the major causes of home damage during weather events.
Fire-related claims are the most expensive, however. Continue reading
Join Capstone Brokerage for our upcoming seminar April 20, 2016. This seminars topic, “Social Media Strategy” presented by Debbie Harris, Performance Intermedia President. Continue reading
The data for the study “Insurance Costs for Mid-Rise Wood Frame and Concrete Residential Buildings” was drawn from published literature and consultations with brokers, underwriters and property managers. Interviews with three underwriters and data from the Canadian Wood Council (CWC) show that builders’ risk insurance rates per $100 monthly for comparable wood and concrete buildings are on average $0.008 for concrete and $0.053 for wood. When excluding the rate provided by CWC for wood frame insurance, which was significantly lower than the rates provided by the underwriters, the average rate for wood buildings rises to $0.06, a factor of 7.5 times greater than that for concrete buildings. Continue reading
There are several warning signs that a workers’ compensation claim may be fraudulent. These include Monday morning reports of an injury that happened the previous week, conflicting descriptions of how the injury occurred, no witnesses and a history of claims, according to a 2011 white paper on the subject released by Employers, an insurer specializing in small businesses. Continue reading
Imagine a scenario where sensor-laden vehicles pass through intersections by communicating with each other, rather than grinding to a halt at traffic lights. A newly published study co-authored by MIT researchers claims this kind of traffic-light-free transportation design, if it ever arrives, could allow twice as much traffic to use the roads. Continue reading
The House is considering H.R. 4723, a bill that would require all public exchange plan advance premium tax credit (APTC) users to pay any extra APTC subsidy money they get back to the government.
House Ways and Means members approved the bill by a vote of 22-15 last week.
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The U.S. Occupational Safety and Health Administration is stepping up its enforcement against severe workplace safety violators, raising concerns about publicly shaming employers and the large number of small employers on the list. Continue reading
