Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
Taxpayers are paying more than ever for workplace injuries
Posted: October 22, 2018
Taxpayers are spending more than ever paying city employees injured on the job. Workers compensation-claim payouts totaled $25.7 million in 2017, a 10-year high, and a 109-percent increase from 2008, according to city Law Department data. Last year, 18,604 injured employees were paid worker’s comp, 20 percent more than in 2008, and the average payout — which typically includes medical costs and lost wages —...
Many homeowners skip flood insurance despite need, federal official says
Posted: October 19, 2018
ASHEVILLE — Hurricanes Florence and Michael won't bust the budget for the National Flood Insurance Program but they should remind people they might need flood insurance even if they don't own a beachfront home, the head of the program said here Wednesday. Florence left vast swaths of southeastern North Carolina underwater recently, but David Maurstad, chief executive of the NFIP, said in an interview the number of claims...
Avoid Homeowners Insurance Surprises.
Posted: October 11, 2018
You may be paying too much for not enough coverage With Hurricane Michael barreling down on the Florida Panhandle, homeowners there and in other parts of the U.S. may be wondering whether they've got enough homeowners insurance coverage. In CR's most recent survey of more than 85,000 members, most respondents told us they don't shop around regularly because they're satisfied with their carriers. Homeowners insurance is consistently among...
4 in 10 Businesses Have Filed a Cyber Insurance Claim: Survey
Posted: October 3, 2018
Many businesses purchase insurance policies hoping they never have to use them. Unfortunately, that hasn't been the case with cybersecurity insurance. A recent Wells Fargo survey of 100 U.S. middle-market and large companies found that 85 percent say they have purchased cyber and data privacy insurance, while 44 percent have already filed a claim as a result of a breach. The report didn’t look into...
Understanding Your Auto Policy
Posted: September 27, 2018
Understanding Your Auto PolicyDrivers are required to carry minimum liability coverage in most states in the U.S. This coverage provides some protection in case you are involved in an accident that causes injury to another or damage to someone else's property. Most vehicle owners want additional optional coverage for damage to their own vehicles. Our experienced agency can work with you to tailor the coverage amounts you need...
