When you have the Insurance Equivalent of a “Perfect Storm”, Rates Ultimately Go Up!

Some Possible Causes for Rate Increases

Across the world, climate change is wreaking havoc on the environment. In the United States, scientists, citizens, and the government all feel the negative impact global warming has on the environment, such as an increase in natural disasters. For insurers, claims have been quite high because of the stronger hurricanes on the east coast, increased wildfires on the west coast, and wind and hailstorms in the Midwest.

AB 5: Employees VS Independent Contractors

AB 5 is a law passed by the California state legislature and signed into effect by California governor Gavin Newsom. AB5 restricts who can be considered an independent contractor, which is why it is important to understand what AB5 is and how it affects business owners and independent contractors.