December 2020

30
Dec

5 Important Things to Remember While Comparing Home Insurance Rates

Natural catastrophes such as wildfires, floods, hurricanes, and earthquakes are frequent in the U.S., causing extensive property damage. For example, in 2020 alone, more than 48,800 fires have destroyed over 8.6 million acres of land in the U.S., as reported by the National Interagency Fire Center (NIFC). The good news is that a homeowners insurance policy can cover the damages

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23
Dec

How COVID-19 Has Affected the U.S. Insurance Industry

The COVID-19 pandemic has led to the temporary disruption of about 43% of small businesses in the U.S., along with a 40% decrease in the employment rate, as reported by the U.S. Proceedings of the National Academy of Sciences (PNAS). Many businesses cannot reopen, while Americans who lost their jobs have resorted to filing unemployment claims. For instance, in March

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17
Dec

4 Situations Where You Need to Review Your Commercial Insurance

Commercial insurance provides an important safety net that ensures the survival of your business, especially in critical times. Over time, your business is likely to evolve and change due to one reason or another. When this happens, you should review your commercial insurance coverage to ensure its adequacy. Keeping this in mind, here are four specific situations that would require

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11
Dec

Workers’ Compensation Performance and Stability: What You Should Know

Currently, the U.S. federal government requires employers in all states, except Texas, to have workers’ compensation insurance for their employees. That’s why in 2017 alone, more than 140 million workers in the U.S. had workers’ compensation insurance, as reported by the Federation of American Scientists (FAS). Due to natural catastrophes such as wildfires and floods, insurance companies are tightening up

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