The insurance landscape across the United States, particularly in California, is in turmoil. What's increasingly being referred to as a 'crisis' has evolved over recent years and shows little sign of easing. A mix of natural disasters, large legal settlements, challenging regulations, and inflation has led to an unstable insurance [...]
With COVID-19 cases on the rise and flu season approaching, COVID-19 stands ready to wreak havoc on unprepared employers. While we celebrate the 6-month anniversary of the lifting of California's COVID-19 State of Emergency in February, employers need to recognize that COVID-19 still presents challenges. In the last two months, [...]
Playgrounds provide children with opportunities for physical activity, socialization, and imaginative play. However, unsafe playground conditions put children at risk for injury. According to the Consumer Product Safety Commission (CPSC), approximately 200,000 children go to U.S. hospital emergency departments each year for injuries associated with playground equipment. Of these, an [...]
Payroll audits and premium “true-ups” are standard in the insurance and risk pool arena – especially when it comes to workers’ compensation insurance. While this is just a small part of a carrier’s or risk pool’s process to charge adequate but competitive premiums to their clients or members, it may be [...]
The acceleration of insurance cost increases in California is alarming. Insurance rates for property and liability continue to increase significantly year over year, not only for GSRMA, but for all risk pools and carriers in the State. Globally, insurers’ appetite for financing risk, especially in California, has diminished as the [...]
Many public employees take for granted that their health insurance coverage will come from their employer. The district chooses the insurance provider they want to work with, and employees simply select one of the plans available to them. The process is simple. However, if you’re the person deciding which insurance [...]
Many public entity risk pools are specialized to a certain sector, such as school districts or local governments. This niche focus is often why those organizations choose to work with a homogeneous risk pool — a pool consisting of only one type of entity. On the surface, it seems like the [...]
If you were keeping track of your state government, you probably noticed that this year’s legislative session was busy. There were numerous bills proposed and passed in both the House and Senate, and Governor Gavin Newsom signed many of these into law at the end of September. The new laws [...]
Many people assume that risk management is standard across the board. What works for one entity will work for the next and the next, no matter their industry. If you work in the public sector, however, you know this isn’t true. Although there’s some overlap between public and private risk [...]