From the monthly archives: March 2017
Not only are liability losses increasing but they are getting more expensive, particularly in relation to global product recalls, corporate liability, cyber and environmental incidents, according to a new report by Allianz Global Corporate & Specialty (AGCS). Global Claims Review: Liability in Focus identifies defective product or work, crash and human error incidents as the largest causes of liability loss for businesses, based on analysis of insurance claims. Continue reading
Another issue here is the EFTA requires a consumer be provided with a copy of the electronic fund transfer authorization, said the ruling. “Park’s allegations regarding his lack of knowledge of the purported authorization, and Webloyalty’s failure to provide a copy of such authorization were sufficient on their face,” said the ruling, in reinstating the charge. Continue reading
Loss trends are still outpacing rate changes. Also, the U.S. P/C industry statutory combined ratio will likely hit 108 in the coming months, a 3.5 percentage point rise and the weakest result in 15 years, Fitch Ratings noted in a new report. Continue reading
(Bloomberg) — The potential for terrorists to pack small consumer drones with explosives or to use them as weapons has become a “tangible reality” in the U.S. that keeps security teams awake at night, two officials said. Continue reading
Currently, implementing a Small Business HRA midyear doesn’t qualify employees for a special enrollment period. That means only employees with existing minimal essential coverage, whether through their own individual policy or a spouse’s plan, will be able to access Small Business HRA funds prior to open enrollment. Continue reading
Personal Protective Equipment (PPE) is the second line of defense for protecting your hands from injuries. There are many glove selections for different applications. Using an ill-fitted glove is just as dangerous as not using a glove at all.
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There are many advantages to employing workers across state lines. Businesses Compliance Concerns with Multistate Health Insurancecan choose from a larger talent pool, and surveys show that remote employees are happier and more productive on average than in-office employees. Continue reading
Firms considering cyber coverage should begin by assessing their risks and perils and considering whether these are already covered or excluded by other policies, says a report issued Thursday by the Risk & Insurance Management Society Inc. Continue reading
