Insurers Boost The State Economy By $30.2 Billion
Know The Risk Before You Share The Ride
California has a near $2 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report.
Insurers contributed $30.2 billion to California’s 2011 gross state product, accounting for about 1.6 percent of the state’s GSP, according to the report, released today by the Insurance Information Network of California.
Big Rigs Drive Big Risk For Cars
Joining the high-tech ride-sharing community could pose some liability questions drivers need to know.
Ride-sharing companies that offer drivers with smartphones an easy way to make some extra cash are popping up throughout California. But if a driver signs up, they should know any insurance claim arising from the ride-sharing experience might be excluded from their personal auto policy.
California Observes Wildfire Awareness Week As Fire Danger Rises
When big rig trucks and cars collide, the laws of physics determine the outcome. Most often, the smaller vehicle bears the brunt of the damage.
The Insurance Information Network of California, the California Highway Patrol and the California Trucking Association have joined forces to focus attention on truck and car driver safety for the upcoming Memorial Day weekend.
A Major Property Loss Could Be A Tax Gain
Several blazes across the state scorching tens of thousands of acres signaled the beginning of California’s Wildfire Awareness Week.
As thick brush turns to brown, homeowners should take time to guard their homes and finances against wildfire.
An often-overlooked deduction may help turn a major property-casualty loss into a tax time gain. The U.S. tax code allows unreimbursed casualty and theft losses to be included among itemized deductions.
To qualify for the deduction, unreimbursed financial claims usually need to be substantial. Any significant deductible or gap in insurance coverage — from fire, theft, vandalism, robbery or damage to vehicles — may qualify for this tax deduction.