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
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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Captive insurers will help fill the coverage gaps that exist for emerging technologies, such as new entertainment and social platforms, driverless cars, drone delivery, and more, according to captive experts. Continue reading
Employee turnover is expensive, costing businesses six to nine months’ salary onHow to Boost Employee Retention and Reduce Turnover average. Savvy employers recognize that keeping their people means more than just delivering paychecks on time. Businesses can support their employees by: Continue reading
Maybe the automation of jobs will eventually create new, better jobs. Maybe it will put us all out of work. But as we argue about this, work is changing. Continue reading
Effective January 1, 2017, OSHA has revised its requirements for recording and submitting workplace injury records and illnesses. The OSHA Final Rule on Electronic Tracking of Workplace Injuries and Illnesses revisions require that some recorded information is submitted to OSHA electronically. Continue reading
Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and incoming U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a new Allianz report.
About 37 percent of respondents rated business interruption as their biggest risk worry, essentially even with 2016, the latest annual Allianz Risk Barometer noted. This year’s report – Allianz’s sixth annual – was based on a survey of 1,237 risk experts from 55 countries. Continue reading
