California Passes Groundbreaking Legislation to Limit Independent Contractors

California Governor, Gavin Newsom, recently signed a new bill that makes it more difficult for companies to classify their workers as independent contractors rather than employees.  This legislation is expected to change the employment status of more than a million workers across California. As a result, these workers will be eligible for workplace benefits [...]

By |2019-11-21T21:08:57-05:00November 18th, 2019|Business, California, Industry Update|0 Comments

Workers’ Comp Benefits and Costs Continue to Decline

The National Academy of Social Insurance (NASI) 2018 Workers’ Compensation Benefits, Costs and Coverage report, underscores a trend: The US economic recovery has spurred growth in employment and also a corresponding increase in employees covered by workers’ compensation as benefit costs continue to decline. In general workers’ compensation benefits as a share of payroll [...]

By |2019-02-19T11:16:09-05:00January 10th, 2019|Industry Update, Safety, Workers' Compensation|0 Comments

Sharing Economy Trends Pose New Concerns for Insurance Coverage Gaps

Over the last few years, an entirely new way to add to household income has entered the market place. It’s called the “sharing economy.” This is an exciting and profitable industry but far too often homeowners forget a crucial step: insurance. According to Forbes: “The sharing economy is currently worth about $26 billion and [...]

Employee or Independent Contractor?

California Supreme Court Decision April 2018: Employee or Independent Contractor? The California Supreme Court delivered a decision on April 30, 2018 that will affect all California business segments, including insurance. In Dynamex Operations West, Inc. v. Superior Court of Los Angeles County, the court established the standard for determining whether workers in California should [...]

Risk Innovations joins Trusted Choice as newest Partner

We are proud to announce that Risk Innovations is the newest member of the Trusted Choice® consumer branding program for independent insurance agents and brokers. We have joined 69 other leading insurance companies nationwide as a Trusted Choice® company partner. Trusted Choice® was launched by the Independent Insurance Agents & Brokers of America (IIABA or the [...]

By |2016-10-26T14:11:42-04:00September 15th, 2015|Industry Update, Trusted Choice|0 Comments

Risk Innovations, LLC to acquire Columbia Commercial General Agency

Atlanta, Ga.-based Risk Innovations, LLC announced it will acquire Columbia Commercial General Agency (CCGA), headquartered in Columbia, MO. The deal is effective August 1, 2015. Risk Innovations will continue to operate the location in Columbia, MO under the Risk Innovations name and management team. Risk Innovations LLC operates as a wholesale-insurance brokerage, working with retail [...]