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Many Injured Workers Feel Unsupported, Frustrated by Claims Process

Many Injured Workers Feel Unsupported, Frustrated by Claims Process

by Ridgemark Insurance | Nov 29, 2022 | Uncategorized

A recent study has found that injured workers are often left feeling frustrated and fending for themselves after they file a workers’ compensation claim. The survey of injured workers by researchers at the University of Waterloo in Ontario, Canada found that workers...
Costlier Reinsurance Is Feeding into Higher Commercial Policy Rates

Costlier Reinsurance Is Feeding into Higher Commercial Policy Rates

by Ridgemark Insurance | Nov 22, 2022 | Uncategorized

Commercial insurance companies are raising rates in most of their lines to account for increasing claims as well as the cost of claims, but another factor is forcing them to increase their rates further: reinsurance. When insurance companies underwrite policies, they...
Workers’ Comp Insurers Continue Cutting Their Rates

Workers’ Comp Insurers Continue Cutting Their Rates

by Ridgemark Insurance | Nov 15, 2022 | Uncategorized

Despite the Workers’ Compensation Insurance Rating Bureau recommending that benchmark rates in California be increased in the last two years, the rates that insurance companies are charging for coverage continue falling. But the party may soon be coming to an end,...
Contractors Will Need Comp Coverage Even If They Have No Workers

Contractors Will Need Comp Coverage Even If They Have No Workers

by Ridgemark Insurance | Nov 8, 2022 | Uncategorized

A new law will require almost all contractors in California to carry workers’ compensation coverage, regardless of if they have employees or not. According to the author of the bill, State Sen. Bill Dodd, D-Napa, the new law was necessary due to the tendency of many...
State Moves to Ban Sale of Non-Electric Big Rigs, Semis in 2040

State Moves to Ban Sale of Non-Electric Big Rigs, Semis in 2040

by Ridgemark Insurance | Nov 1, 2022 | Uncategorized

Under a new proposal by the California Air Resources Board, all new big rigs and other large trucks sold in the Golden State will have to be zero-emission vehicles, starting in 2040. The proposed rule would bar manufacturers from selling medium- and heavy-duty trucks...

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