Industry News

​ENERGAGE NAMES PREFERRED MUTUAL INSURANCE COMPANY A WINNER OF THE 2024 TOP WORKPLACES USA New Berlin, New York, March 20, 2024Preferred Mutual Insurance Company has announced it has earned the 2024 Top Workplaces USA award, issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces. The Top Workplaces program has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60 markets for regional Top Workplaces awards."At Preferred Mutual, we are committed to maintaining a people-first culture," said Preferred Mutual Insurance Company President & CEO R. Benedikt Sander. "We are honored our commitment to putting people…

​The continuation of the hard market is evident as both standard and E&S carriers face underwriting challenges contributing to a narrowing of business appetites and thus increasing shopping for retail agents and brokers. Effective submissions get you noticed and help achieve results that improve the insurance solutions you provide. RT Binding wants to help you help your clients with the below advice on what makes an excellent submission!General Submission Information Tell the story (below is a guide for information that may be helpful to provide during the submission process. More complex risks will likely require more information than straightforward risks.) Confirm admitted markets are not in playWhat is…

​The New York State Workers Compensation Board announced that the state assessment rate on insurance premiums will decline to 9.2%​ next year. The new rate marks a drop from the 2023 rate of 9.8%.State law requires the board each year to set an assessment rate by November 1. The assessment, which applies to Workers Compensation insurance standard premiums (or premium equivalents for self-insured employers) funds the board's operations. The new assessment takes effect on January 1, 2024.Source