Old Harbor to partner with American Strategic Insurance

Old Harbor is pleased to announce a new carrier partnership with American Strategic Insurance (ASI). ASI’s current CEO and President, John Auer, founded ASI in 1997. Mr. Auer saw a glaring need in the southeastern United States for a well run, stable home insurance carrier. That region was one that had been nearly impossible for … Read more

Mortgage Escrow Account and Your Home Insurance

An escrow account, sometimes referred to as an “impound account,” is a special account that the mortgage company maintains for the borrower’s home insurance and taxes. The escrow account is funded monthly with a portion of each mortgage payment that is made. The funds are then used by the lender to pay tax and insurance … Read more

California Assembly Bill 2883 and Its Impact on Work Comp

On August 26, 2016, California’s Governor Brown signed Assembly Bill 2883 into law. The new law alters current Labor Code sections 3351 and 3352 by changing both the definition of an ’employee’ and the eligibility criteria allowing the exclusion of workers’ comp coverage. As of January 1, many companies that were previously able to exclude certain officers, directors, and … Read more