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

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

by Ridgemark Insurance | Oct 26, 2021 | Uncategorized

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...
Commercial Insurance Rate Hikes to Continue in 2022

Commercial Insurance Rate Hikes to Continue in 2022

by Ridgemark Insurance | Oct 20, 2021 | Uncategorized

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...
Factors Pushing Commercial Property Rates Higher

Factors Pushing Commercial Property Rates Higher

by Ridgemark Insurance | Oct 11, 2021 | Uncategorized

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,...
Prepare Your Business for Delays in Postal Service

Prepare Your Business for Delays in Postal Service

by Ridgemark Insurance | Oct 7, 2021 | Uncategorized

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...

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