UNICO

May 1, 2013

Interest in Personal Gun Liability Insurance Protection

Interest in personal liability insurance for firearms owners has expanded with the media focus on gun-centric events and the public discussion of  liability issues. While coverage is available through gun owner associations and through specialty insurers, the liability component of homeowners and renters insurance policies offers some protection for gun owners…  
April 22, 2013

A Discussion of Health Care Reform

A discussion of health care reform by UNICO MIDLANDS   We have seen countless articles on the subject of what employers will face in the way of penalties if they don’t follow the new federal mandates for health care reform. The following are some of the most recent issues being discussed. Submitted by Mick Sibbel Large Employer Status Only companies that meet the large employer threshold are subject to ACA’s pay or play rules. To qualify as a large employer, a company must have at least 50 full-time employees, including full-time equivalents (FTEs). To determine if a company is a large employer, aggregation rules apply for companies that are related or commonly owned. Specifically, all employees of a controlled group of businesses under Internal Revenue […]
August 19, 2011

Big Changes Coming For Your Ex Mod Factor

NCCI has recently announced some news that will have an impact on how your NCCI experience modification factors are calculated. For the first time since 1993 NCCI will be adjusting the Spilt Point. Remember, the experience rating modification is affected by small losses more than by large ones because small losses are more frequent and predictable than large losses. The portions of all losses that are $5,000 (split point) or less, which are termed “primary losses”, have the greatest influence in determining the experience modification. Losses in excess of $5,000 go into the “excess losses”.     Every loss is divided into a primary and excess portion. Since small losses – those less than the split point – have NO excess value, primary losses work as an […]