Dermatological Drugs Dominate California Workers’ Compensation Spending

Dermatological Drugs Dominate California Workers’ Compensation Spending Dermatological drugs, including several high-priced, private-label medications, now account for the largest share of drug spending in California’s workers’ compensation system, according to a new report from the California Workers’ Compensation Institute (CWCI). CWCI’s latest analysis highlights recent trends in drug prescriptions for injured workers in the state,…

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LA Wildfires Could Cost Insurance Industry Over $30 Billion

LA Wildfires Could Cost Insurance Industry Over $30 Billion Wildfires in Los Angeles have caused devastating losses, with insurance industry damages potentially exceeding $30 billion, according to new estimates from Wells Fargo and Goldman Sachs. These figures surpass earlier projections of $20 billion by JPMorgan Chase. Home-insurance providers, including Allstate, Chubb, AIG, and Travelers, face…

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Top Claims Filed in the Cannabis Industry

  Top Claims Filed in the Cannabis Industry and How to Avoid Them Running a cannabis business comes with its risks. 🌿 From product issues to theft, claims can appear when you least expect them. They can also be expensive if you’re not ready. The good news? Knowing the most common claims and how to…

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Workers’ Comp Claims: Common Mistakes and How to Avoid Them

  Workers’ Comp Claims in California: Common Mistakes and How to Avoid Them Running a business in California means you’ve got a lot on your plate, and workers’ compensation might not always be top of mind. But here’s the thing: one misstep with workers’ comp can cost you big—both in fines and lost time. Don’t…

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Navigating Commercial Insurance in Today’s Market

Navigating Commercial Insurance in Today’s Market If you’re running a business, you’ve probably noticed the world of commercial insurance is more complex than ever. Between inflation, natural disasters, and cybersecurity threats, today’s market is keeping business owners on their toes. But don’t stress—we’re here to break it down. What’s Driving the Market? First, let’s talk…

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Your End-of-Year Insurance Review

Your End-of-Year Insurance Review As the year comes to a close, small business owners juggle everything from year-end inventory to tax preparation. One important task that often gets overlooked is reviewing current insurance policies. This simple step can ensure your business is fully protected and set up for success in the upcoming year. Use this…

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Navigating in Cannabis Insurance

Navigating Cannabis Insurance: What You Need to Know Running a cannabis business comes with unique challenges due to the clash between state and federal laws. While many states have legalized cannabis, it’s still illegal at the federal level. This conflict impacts everything from insurance options to policy structure and coverage limits. PM Insurance Services can…

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