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February 12, 2012

Insurance Market Forecast

CRS insurance

This post is written by Jeff Berven of CRS Insurance.

The soft P & C market of the last 6 years is easing; the rates during 2011 have been flat-lining.  Billions of dollars in claims cost resulting from the storm disasters across the country and world for 2011 have eroded the profit margins of insurance companies.  The pressure to recover catastrophe losses and the new higher cost catastrophe models use to predict disaster losses is putting tremendous pressure on carriers to increase insurance rates in 2012.

The home building industry, particularly tract home builders, multifamily residence builders, and the trade contractors will continue to find a limited number of insurance companies willing to write their liability insurance due in part to the passage of HB1394.  Add to this, construction defect claims continue to have a negative effect on the financials of the insurance industry and you will continue to see limited insurance availability.

CRS insuranceAnother problem coverage is Workers’ Compensation.  Rates will continue to show moderate increases in 2012.  This is due to an increase in claim costs.  Although the frequency of claims are down, the medical and indemnity costs are up significantly.

It has also just been announced that Pinnacol will not continue to seek Privatization until the 2012 legislative session.

This post was written by Jeff Berven of CRS Insurance.

IECRM Self-Pay Tuition Policy

 

Self-pay students who are employed with a member company must register and pay through the member company using the IECRM Flashpoint Enrollment Portal/Process in order to qualify for member rates.

Self-pay students that are employed with a member company but that do not register and pay through the member will be charged the non-member rate for tuition, books and applicable fees.


Self-pay students who are employed with a member company and require a payment plan will not qualify for the member rate and will be charged the non-member rate for tuition, books and applicable fees.


Self-pay students who do not work for a member company will continue to be charged the non-member rate for tuition, books and applicable fees.


To maximize association/membership benefits, ALL member companies are encouraged to register and pay for all enrolled apprentices utilizing internal payment arrangements and processes between employer and employee.


We value our IECRM members and apprentice community. We encourage all apprentices to be enrolled in the four-year apprenticeship program, earning, and learning their way toward Journeyworker licensure. We encourage all members to utilize the member discount for tuition, books and applicable fees to ensure the long-term support and success of the next-generation electrician.


(Payment Plans are available, please reference the Self Pay Payment Plan Policy.)


Self-Pay Payment Plan Policy


We offer the following arrangements for students that are unable to pay in full at the time of registration.


● Self-pay students will be charged the non-member rate.
● A 50% down payment of total semester tuition, books and applicable fees are due at registration.
● Remaining balance can be divided up to 3 additional monthly payments ($10.00 processing fee applies on each installment)
● All payments that are declined will incur a $20.00 NSF fee.

 

We encourage all students who are employed with a member company to work with their employer to register and pay through the IECRM Flashpoint Enrollment Portal/Process. This will ensure the student is paying the lowest possible rate for tuition, books and applicable fees.