Reinsurers may insure insurance companies but insurance companies “self-insure” or set aside reserves to cover any expected payouts under the policies. How it works: Sometimes insurance companies hold all the risk from underwriting policies. Sometimes insurers buy insurance from reinsurers for part of the risk. Insurers almost never lay off all such risk to others. […]
Continue ReadingGetting workers compensation coverage for contractors in North Carolina may not be easy. Try the following companies Here is what I found. North Carolina Home Builders Association https://www.buildersmutual.com/ https://www.ncfbins.com/ North Carolina Farm Bureau Insurance Group
Continue ReadingState Farm Auto Insurance Company OverviewYear Founded: 1922Official Website: https://www.statefarm.com/Insurance Offered: Auto, motorcycle, RV, motorhome, homeowners, renters, and moreCustomer Service: 24/7 phone: 1-800-782-8332Key PointsState Farm is licensed in all 50 states, but coverage options and discounts may vary by location.State Farm has more than 19,000 insurance agents nationwide.According to the company, some drivers who use the […]
Continue ReadingIn the US, all businesses and companies that hire employees are required to carry workers compensation insurance by state insurance laws. Failure to carry this coverage comes with heavy fines by the workers compensation boards that monitor this requirement in each state. They are required to post compliance notices that include the insurance companies name, […]
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