Hard Commercial Property Market Lingers

Posted on: May 30th, 2023 by Leaders' Choice Staff No Comments

The commercial property insurance market continues hardening, with average rates up 9.3% in the first quarter of 2023, according to MarketScout. Rates for business properties have been climbing steadily for the last six years, but those increases have grown at a faster clip since the COVID-19 pandemic crippled global supply chains and disrupted economies around […]

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Get the Scoop on California’s Bereavement Leave Law

Posted on: May 23rd, 2023 by Leaders' Choice Staff No Comments

The California Civil Rights Department (CRD) recently released a detailed set of frequently asked questions about a new bereavement law that requires employers in the state with five or more workers to provide leave for up to five days to a worker who loses an immediate family member. The law, which took effect Jan. 1, […]

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Cal/OSHA Proposes Ground-Breaking Indoor Heat Illness Prevention Standard

Posted on: May 16th, 2023 by Leaders' Choice Staff No Comments

Cal/OSHA has proposed its long-awaited indoor heat illness prevention standard as increasingly hot summers are affecting workers in indoor spaces like warehouses, production operations, restaurants and more. The proposed standard, largely based on the state agency’s outdoor regulations, will require employers whose workplaces at times are at least 82 degrees to have a written Indoor […]

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Rating Bureau to File for 0.3% Workers’ Comp Rate Hike

Posted on: May 9th, 2023 by Leaders' Choice Staff No Comments

In a sign of the long-lasting effects of reforms enacted a decade ago, California’s workers’ compensation rate-making agency will recommend that average benchmark rates increase a mere 0.3%. The recommendation by the Workers’ Compensation Insurance Rating Bureau, based on claims costs and frequency remaining low and slower cost inflation, would apply to policies incepting on […]

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FAIR Plan More Than Doubles Its Commercial Property Coverage Limits

Posted on: May 2nd, 2023 by Leaders' Choice Staff No Comments

With more and more California businesses being forced to go to the California FAIR Plan for their coverage, the market of last resort has moved to increase its commercial property coverage limits significantly. This should bring a semblance of relief to companies located in wildfire-prone areas, who have seen their commercial property insurance non-renewed and […]

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