Category: Business Insurance

A great resource for both brokers and business owners who are trying to understand what type of business policy works best for them as well as keeping up with terms and changes within the industry. Being informed on the latest business insurance news can be easy with our online resouce updated daily.

Q’Orianka Kilcher of “Yellowstone” charged with insurance fraud

Marc
Insurance Fraud - Paper with words written
News Bulletin: US asks insurers to ...
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The actress was charged with collecting over $90,000 in fraudulent workers’ compensation benefits. Q’Orianka Kilcher, an actress best known from “Yellowstone” has been charged with two felony counts of workers’ compensation insurance fraud. The 32-year-old of North Hollywood collected disability benefits worth more than $90,000. Kilcher was charged with insurance fraud following an investigation by the California Department of Insurance. The investigators determined that Kilcher had allegedly broken the law by collecting over $90,000 in disability benefits from a workers’ compensation coverage. Kilcher’s attorney has already appeared in court on…

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Treasury Department investigates insurance coverage impact of climate change

Logan B.
Insurance coverage - Climate Change Investigation

Concern is rising over the harm increasingly extreme weather is having on property rates and availability. The US Treasury Department is addressing rising concern over the impact of climate change on the availability and affordability of property insurance in disaster-prone areas. The Treasury is now launching the first nationwide insurers’ financial exposure assessment to climate risk. A preliminary email was issued by the Federal Insurance Office to regulators in every state. The email requested the data they had available for insurance coverage, liabilities and losses across the last half decade…

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US growers say crop insurance is critical to farming family survival

Nordstrom
Crop insurance - farming

Producers face significant challenges and depend on the stability of the coverage. Crop insurance is a coverage growers rely upon as a form of safety net to keep their farms – and the families they support – alive. The policies help farmer to continue to keep their businesses intact despite growing challenges. The coverage helps farmers – including those whose families have been farming for generations – to rely on added stability to ensure their businesses can continue. “We couldn’t make it without crop insurance. I mean, we put so…

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How can insurance protect you from financial loss

PR Article
Business insurance - keyboard

Business insurance is a type of insurance that helps protect businesses from financial loss in the event of an accident, theft, or other unfortunate events. Businesses typically purchase insurance to help protect against property damage, liability, and workers’ compensation claims. Depending on the type of business, owners may also purchase additional insurance coverage to help protect against other risks, such as product liability or professional liability insurance. There are a variety of business insurance policies available, and the type of policy that a business purchases will depend on the specific…

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Some schools can’t get Idaho health insurance even on the state plan

H. Cutner
Idaho health insurance - School - classroom

The state gave millions to school districts to get coverage, but the cost is still proving too high. State legislators passed a bill this year to allow school districts to purchase coverage through the Idaho health insurance plan. The hope was to reduce the cost that education workers would need to pay for their medical coverage. Unfortunately, despite strong efforts to reduce costs, they remain too high for many districts to afford. As the school districts work to approve their budgets for the next school year, many are finding that…

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EU uses insurance ban as its largest slam to Russian oil exports so far

Marc
Insurance ban - Oil Cargo Ship

The European Union has deepened its impact on curbing Russian revenues from exported energy. The European Union’s insurance ban on Russian oil exports is the largest hit so far that it has sent to the country’s energy revenues. The EU has embargoed 90 percent of all its Russian oil imports by the end of 2022. While the embargo on the vast majority of Russian oil imports is a big strike against the country’s energy revenues, what is likely to be much more damaging is the insurance ban put in place.…

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How To Find The Right Commercial Insurance In The New Normal

Logan B.
commercial insurance company financial rating(2)

Running a business has many risks; you may encounter a fire, have your goods stolen, or suffer water damage. And in the occurrence of these events, there’s a high likelihood of business closure until you get things back on track. Business closure is disadvantageous since you might lose clients to your competitors, reducing your income.   Insurance companies work to quicken the recovery process by providing you with financial assistance under compensation. With that, you’ll be back in business within no time, and with the money, you’ll recover all that’s damaged.…

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