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11 years ago · by · 0 comments

Workers compensation insurance pricing still rising in California

Scurich Insurance Services, CA, Workers CompensationPricing for workers compensation insurance continued to harden in California during the first half of 2013, according to a report published Wednesday by SNL Financial L.C.

California’s 10 largest workers compensation insurers by premium volume, which account for roughly 60% of the state’s marketplace, increased their rates an average of 4.3% during the first half of the year, based on filings for new business effective between Jan. 1 and July 1, according to SNL Financial’s report.

Excluding a 7% decrease filed in March by the State Compensation Insurance Fund, which is the state’s largest workers comp insurer, the average rate increase among California’s market leaders through July 1 was 5.9%. Within that group, the largest rate increases belonged to American International Group Inc. and Liberty Mutual Holding Co. Inc., which submitted rate hikes of 10.0% and 10.9%, respectively.

Statewide, rates for new workers compensation accounts were at their highest in February, when insurers in California filed average rate increases of 9.8% on $1.1 billion in premiums written, according to SNL Financial’s report.

At least 20 insurers in California included in SNL Financial’s analysis filed rate increases of 15% or more for new business in the first half of the year. Seven firms — including units of Liberty Mutual, CNA Financial Corp. and Nationwide Mutual Insurance Co. — filed rate increases of 20% or more, while units of Hanover Insurance Group Inc. and American Financial Group Inc. filed rate increases in excess of 30%.

Few decreased rates

Only a handful of companies included in SNL Financial’s analysis reported rate decreases in the first half of 2013. Among them was Federated Rural Electric Insurance Exchange, Church Mutual Insurance Co. and units of Nationwide and Utica National Insurance Group.

California’s workers comp market has been particularly bothersome for Tower Group International Ltd., SNL Financial said in the report.

Tower Group cited market conditions in California, where roughly 44% of the company’s workers compensation premiums are written, as one key driver behind the $326.7 million reserve charge it reported in its second-quarter earnings statement. Several of the company’s operating units in March were granted rate hikes of 6.2% for new business in California, and one unit — Preserver Insurance Co. — filed a rate increase of 17.1%.

Read the entire article here.

Contact Scurich Insurance Services today at 831-722-3541 to find out how we can assist you with all of your business insurance needs including workers compensation.

Content provided by http://www.businessinsurance.com/article/20131218/NEWS08/131219828?tags=%7C338%7C309%7C305%7C87%7C304%7C92

 

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12 years ago · by · 0 comments

Homemade Crispy Chicken Fingers!

I don’t know about you but we at  Scurich Insurance Services will always love chicken fingers, and nothing is better than homemade chicken fingers. That is why this week we would like to give you a quick and easy way to make your own homemade chicken fingers. The following recipe was taken from KraftRecipes.com

Time:

Prep: 10 min Total: 1 hr

 

What you need:

6 Tbsp.  KRAFT Light Mayo Reduced Fat Mayonnaise, divided

2 Tbsp.  milk

¼ tsp.  ground red pepper (cayenne)

4 small  boneless skinless chicken breast halves (1 lb.), each cut lengthwise into 3 strips

1 pkt.  SHAKE ‘N BAKE Extra Crispy Seasoned Coating Mix

2 Tbsp.  KRAFT Classic Ranch Dressing

2 tsp.  chopped green onions

 

Make it:

HEAT oven to 400ºF.

MIX 1/4 cup mayo, milk and pepper. Add to chicken in medium bowl; stir until chicken is evenly coated. Refrigerate 30 min. to marinate.

POUR coating mix onto plate. Dip chicken, 1 strip at a time, in coating mix, turning to evenly coat each strip; place in single layer on baking sheet. Discard marinade.

BAKE chicken 20 min. or until done. Meanwhile, mix remaining mayo, dressing and onions.

SERVE chicken with sauce.

 

Sauces: 

Barbecue Dipping Sauce:
Omit 2 Tbsp. mayo, ranch dressing and onions. Mix 1/4 cup KRAFT Original Barbecue Sauce and 1/4 tsp. orange zest. Serve with the baked chicken strips.

Creamy Salsa Dipping Sauce:
Omit ranch dressing and onions. Mix remaining 2 Tbsp. KRAFT Light Mayo Reduced Fat Mayonnaise, 2 Tbsp. TACO BELL® HOME ORIGINALS® Thick ‘N Chunky Salsa and 2 tsp. chopped fresh cilantro. Serve with the baked chicken strips.

Click HERE for more about this recipe!

To avoid unpleasant surprises, it is important to work with a professional in this area.  Additional questions?  Ask us, we’re here to help!  For additional information about our insurance products, no-cost advice or for your free, no-obligation insurance quote, please contact the professionals at Scurich Insurance Services today at 800-320-3666 and we will be more than happy to assist you.

Scurich Insurance Services did not originally write the content above.

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Scurich Insurance Services
Phone: (831) 661-5697
Fax: (831) 661-5741

Physical:
783 Rio Del Mar Blvd., Suite7,
Aptos, Ca 95003-4700

Mailing:
PO Box 1170
Watsonville, CA 95077-1170

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(831) 661-5697

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