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By: Margaret Collins and Christie Smythe (Insurance Journal) March 2015
Buying homes, getting jobs … Continue reading
The co-insurance clause in a property policy is one of the most confusing and misunderstood terms for policy holders. Co-insurance under a property policy is defined as: “the sharing of risk between an insurer and the insured” which is normally expressed as a percentage. Simply stated, the co-insurance clause affects the amount payable in the event of a partial or total loss. Continue reading
Just in time for Valentine’s Day comes research warning against the use of popular dating apps on corporate smartphones. Continue reading
Given the steady beat of security breaches, consumers may assume that a cybercriminal already has at least some of their personal information. But in the latest intrusion, at the health insurer Anthem, hackers got their hands on an especially valuable collection of sensitive information on millions of people. Continue reading
If you’re concerned about online privacy, you’ve likely read a lot about what happens to the information you enter into sites like Facebook or Google. But now another website is generating privacy worries: Healthcare.gov. Continue reading
Insurance underwriting applies to almost every type of insurance. Underwriting is the process of classification, rating and selection of risks. The underwriter evaluates applications to determine the risk involved in deciding to accept, or reject, the application. If an application is accepted they then determine the appropriate premium. Continue reading
The first Christmas trees were decorated with candles. Tiny fires lit all over a dry, dying tree? Talk about an insurance risk. Continue reading
Data breaches had a ton of media attention in 2014, and with good reason: 43 percent of companies have experienced a data breach in the last year. That number is up 10 percent from the year before and it’s only expected to rise, according to a report from the Ponemon Institute. Continue reading
