[Source: The North Bay Business Journal] While it has little to do yet with the coronavirus, workers’ compensation insurance rates may be going up. Over the next month, California Insurance Commissioner Ricardo Lara will review rates recommended by the Workers Compensation Insurance Rating Bureau, a nonprofit which evaluates trends, including the costs of potential claims. Read More…
Tag: insurance
Rates likely to rise sharply: businesses may see hikes after vandalism, virus
[Source: Los Angeles Business Journal] While mass protests against police brutality were taking place just blocks away on May 31, two cars pulled up in front of Lana Negrete’s family business, the Santa Monica Music Center. People jumped out of the vehicles and ran into the store pointing guns and yelling threats at Negrete and Read More…
Is looting covered by insurance? Depends on the business
[Source: Los Angeles Times] Sean Wotherspoon spent Saturday night in his Los Angeles home, watching live as his businesses were destroyed. He watched as security-camera feeds showed people shattering the plate glass windows of his Round Two store on Melrose Avenue and walking out with more than $250,000 worth of high-end street wear. He saw Read More…
Gov. Jerry Brown warns of major ripple effects in California if Obamacare is repealed
[Source: The Los Angeles Times] Gov. Jerry Brown issued a terse but pointed response Friday to House Majority Leader Kevin McCarthy’s request for input on repealing the Affordable Care Act, warning of spiraling damage to healthcare coverage, premium costs and the state budget. Brown’s letter to McCarthy argued that repealing Obamacare without an alternative plan would lead Read More…