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"Crime Insurance"
There’s no good reason to make an enemy of the claimant or, if in litigation, the opposing attorney. We reveal ourselves in our claims letters and their tone. Is the tone nasty? Negative? Arrogant? Your job is to make your point without, in any way, belittling your reader. Continue reading
Tech companies pose a clear challenge to banks and none more so than Amazon, which is reported to be in talks with JPMorgan Chase and other big retail banks to create a checking-account-like offering aimed at younger adults and those without checking accounts. This move would build on the company’s initial forays into financial products over recent years and be the start of its venturing into lending, mortgages, property/casualty insurance, wealth management and term life insurance, according to consultants at Bain & Co. Continue reading
Now that the yearly task of filing personal taxes has passed, this is an opportunity to discuss another type of filing for businesses that occurs every year – the workers’ compensation and general liability audits. In comparison, insurance audits and filing taxes are similar in that both are mandatory, annually. The workers’ compensation and general liability audits are conducted at the end of each policy period to verify that the premium is correct for the exposure during the policy period. In the event there is a claim, the claim might be denied because the premium exposure for the policy term within the policy period where the claim occurred was underinsured. Continue reading
Hearing is one of the traditional five senses. We take our hearing for granted until hearing loss becomes outwardly noticeable which is usually when deafness or partial deafness occurs. Hearing loss can happen to anyone at any age although age-related hearing loss becomes more noticeable in the 50’s and 60’s. Occupational hearing loss is one of the most common work-related illnesses in the United States. About 22 million U.S. workers are exposed to hazardous levels at work. Over 30 million workers are exposed to chemicals, some of which are harmful to the ear (ototoxic) and hazardous to hearing. According to the Center for Hearing and Communication, some of the disturbing statistics about hearing loss are: Continue reading
Cyber-related claims against directors and officers have been largely unsuccessful to date, but given the plaintiff bar’s creativity and persistence, it is too soon for companies to relax and consider themselves off the hook, say experts. Continue reading
The holiday season is upon us. This time of the year, the reception area of a business entrance or lobby is an area of potential unwanted guests. The constant traffic from Holiday gifts, mail, and normal office deliveries are an opportunity for an unsavory intruder to “slip through” unnoticed and enter the offices, bathrooms, storage areas and surrounding corridors, and increase the risk of theft, violence, industrial espionage, sabotage, or even terrorism. Continue reading
