California Insurance Commissioner: Mercury Steered ‘Good Drivers’ Toward Higher-Priced Policies

California Insurance Commissioner Ricardo Lara announced a legal action on Monday against Mercury Insurance for reportedly violating consumer protection laws, including selling Mercury’s highest-priced policy to “good drivers” instead of the lowest-priced policy for which good drivers qualify. Lara’s action follows a California Department of Insurance investigation that reportedly found numerous areas where Mercury’s business…

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California workers’ compensation insurance

    California workers’ compensation insurance Workers’ compensation insurance covers the cost of work-related injuries. It’s required for all California businesses that have employees. Who needs workers’ comp insurance in California? Every state has different requirements for workers’ compensation insurance. In California, workers’ compensation is mandatory for all employers, even if the company only has one employee.…

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FBI warns hackers are using fake crypto apps to defraud investors

  FBI warns hackers are using fake crypto apps to defraud investors The FBI has issued a public warning about fraudulent cryptocurrency investment apps after hackers posing as legitimate services stole tens of millions of dollars from U.S. investors. In an advisory published on Monday, the law enforcement agency said hackers have been posing as legitimate cryptocurrency investment organizations in…

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California Assembly Bill 5- AB5

KEY TAKEAWAYS California Assembly Bill 5 (AB5) extends employee classification status to some gig workers. Under AB5, companies must use a three-pronged test to prove workers are independent contractors, not employees.1 AB5 was designed to regulate companies that hire gig workers in large numbers, such as Uber, Lyft, and DoorDash. On Sept. 4, 2020, the…

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5 Mistakes Life Insurance Mistakes That You Should Avoid

5 Mistakes Life Insurance Mistakes That You Should Avoid Some Life Insurance Advice to Consider There are many good reasons to consider buying a life insurance policy, such as a recent marriage, a new baby, or taking on a large debt (like a house) loved ones would have trouble paying off if something happened to you. Or perhaps…

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Indexed Universal Life Insurance: Pros and Cons

  Indexed Universal Life Insurance: Pros and Cons (IUL) insurance policies can help you to build wealth while leaving behind a death benefit for your loved ones. These policies put a portion of the policyholder’s premium payments toward annual renewable term life insurance, with the remainder added to the cash value of the policy after fees…

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MLB Teams Can Now Be Sponsored By CBD Companies

MLB Teams Can Now Be Sponsored By CBD Companies, Baseball League Official Says The MLB is now reportedly allowing baseball teams in the league to sell sponsorships to cannabis companies that market CBD products, as long as they meet certain criteria. MLB has been among the more progressive professional sports organizations in the U.S. when…

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California Governor Signs Marijuana Tax Relief Bill Aimed At Combating Illicit Market – Marijuana Moment

  California Governor Signs Marijuana Tax Relief Bill Aimed At Combating Illicit Market The governor of California on Thursday signed a wide-ranging bill to restructure the state’s adult-use marijuana program, including by eliminating a cannabis cultivation tax, in an effort to provide industry relief and further curtail the illicit market. AB 195, which builds upon an…

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