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Workers’ Comp Updates

The PCRB recently released two circulars – one announcing the approval of PA Construction Classification Premium Adjustment Program Manual revisions, and another proposing a change to three decimals for loss costs and expected loss rates.

Last week’s East Coast earthquake makes now an opportune time to educate your personal lines customers on what is – and isn’t – covered under a standard homeowners’ policy.

Consumers with insurance-related issues or questions regarding losses may be triaged by Maryland Insurance Administration (MIA) disaster centers.

Insurers may use artificial intelligence (AI) systems as long as certain parameters are in place to prevent violations of existing laws and regulations.

Over 30 IA&B members will visit Capitol Hill next week to discuss taxes, the hard market, crop insurance, and the NFIP with their elected officials.

Review the newly implemented NFIP changes, which impact first-floor height, renewal notices, and the Community Rating System.

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