May 28, 2023 – Risk Managers

State Farm Quits California

State Farm General Insurance Company on Friday announced that it will stop accepting new homeowners insurance applications in California.
The company cited “rapidly growing” catastrophe risks like wildfires, “historic increases” in construction costs and a challenging reinsurance market.
“We take seriously our responsibility to manage risk,” the company said in a release.

Workers Compensation Insurance

We are now authorized to quote and bind Workers Compensation Insurance on behalf of Texas Mutual. In addition to Workers Compensation, HB 3752 authorizes Texas Mutual to establish and market a very different group medical program for employer groups of <250 employee lives.

Aldeen’s Sunday Morning Bathroom Read (Memorial Day Edition)

Profiteering Against the Public Interest: Privatization of Health Care by Unitedhealth Group

UHC was just smarter and recognized the direction of the market faster than everyone else i.e. privatize profit and socialize risk…

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