Rating Bureau Aims to Require COVID-19 Claims Count Against X-Mods

Posted on: October 26th, 2021 by Leaders' Choice Staff No Comments

California’s Workers’ Compensation Insurance Rating Bureau has proposed plans to start requiring COVID-19 claims to be included when calculating employer X-Mods, according to a report by an industry trade publication. The proposal, which would have to be approved by the state insurance commissioner, would bring to an end current rules that exclude the impact of […]

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Commercial Insurance Rate Hikes to Continue in 2022

Posted on: October 20th, 2021 by Leaders' Choice Staff No Comments

Rates for most commercial lines of insurance are likely to continue rising going into 2022, as claims costs mount across the board. A new report from Marketscout notes that rate increases have accelerated across all major lines, but have been most pronounced in liability coverages. The composite rate for commercial insurance pricing in the third […]

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Factors Pushing Commercial Property Rates Higher

Posted on: October 11th, 2021 by Leaders' Choice Staff No Comments

Commercial property insurance rates are continuing to climb, as the segment faces a number of headwinds that have pushed claims costs to new heights. There are number of factors that are colliding, including the frequency and severity of claims from extreme weather, the cost of rebuilding, rates for commercial properties are not keeping pace with […]

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Prepare Your Business for Delays in Postal Service

Posted on: October 7th, 2021 by Leaders' Choice Staff No Comments

You may not think of postal delays as a cost of doing business or a risk to your operations, but slower mail can pose a number of issues for timely correspondence and package deliveries. The U.S. is facing the specter of longer delivery times for first class mail, and the longer the mail has to […]

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