According to a recent report published by The Population Reference Bureau, there will be over 98 million Americans age 65+ by 2060. And, along with the fast aging American population, assisted living facilities are bursting in cities across the nation. Let’s face it, the tradition of taking care of your elderly parents is becoming extinct…
With the internet fast becoming a ubiquitous part of most businesses, the need for proper protection in this area is only going to increase going forward. Fortunately, cyber insurance policies can be easily added on to your existing business coverage, but they’re far from a one-size-fits-all solution. Who Needs It? At this point, just about…
In recent years, U.S. insurers have been pressured by rising costs on auto policies as distracted drivers and repair costs soar. The nation’s largest property/casualty insurer, State Farm, reported that annual profit fell 94% on car insurance claims costs. To make matters worse, the underwriting loss from auto insurance widened to $7 billion from $4.4…
No matter what type of business you operate, the cost of carrying workers’ compensation insurance, as well as that of managing claims that arise, can be a significant burden. For that reason, it’s essential to do everything you can to avoid fraudulent workers’ comp claims. There are many steps you can take to address this…
A lawsuit filed in Los Angeles County Superior Court alleges that California’s workers’ comp system discriminates against women. The suit, filed on behalf of several women and the Service Employees International Union argues cases in which women’s disability benefits were cut because medically trained evaluators, who are overwhelmingly male, blamed their health conditions, which were…
Having a workplace centered on ergonomics has many benefits. It improves worker efficiency, and it also helps cut down on many types of workplace injuries, including those related repetitive stress that develop over time. These include things like carpel tunnel syndrome, tendinitis, and back problems, and they can have a long and lasting impact on…
California’s workers’ comp reforms have made some good improvement, but it still has the most expensive system in the nation. In 2013, the state implemented reforms and medical trends stabilized indicating that many components of the reform are working. However, relative to other states, California has the highest incidences of partial and permanent disability claims. Furthermore, it…