Woods likely is finished as foremost pitchman

When Tiger Woods’ break from golf ends, he’s unlikely to regain his crown as one of the world’s most valuable pitchmen, even if he gets back to winning tournaments and convinces people he’s… Read more

End of the Year Insurance Planning

As the second Friday of December passes us by and we head off for the weekend (dome of us anyways), keep in mind there are only twenty days left until the end of the year. End of the year is the perfect time to review your company’s business insurance. It is a good time to make sure that equipment purchased during the year is insured. It is a good time to make sure that automobiles and their… Read more

Zurich Adds a Virtual Library

Zurich in North America has created an electronic library of risk management and product information. Zurich calls it: the Zurich Virtual Literature Rack (VLR). The VLR contains information relevant to risk managers, customers, and those looking to purchase business insurance. The VLR requires registration and the information requested is a bit invasive, but that is probably my only complaint. I… Read more

The Importance of Proper Procedures

Always on the look out for ways to keep business insurance interesting, I came across a video at insurancejournal.com that illustrates the importance of planning and creating proper written procedures. Planning for risks and creating procedures in advance to reduce risk are the best ways to reduce the cost of business insurance. Just ask the people at Gatorland. As a part of its video series… Read more

Secretary Kathleen Sebelius Says Reform is Good For Business

Yesterday, Health and Human Services Secretary Kathleen Sebelius issued a statement on the “Benefits of Health Reform for Businesses.” A copy of the Statement is available online with links to supporting documentation. Secretary Sebelius states that a November 30 letter to Senator Evan Bayh from the Congressional Budget Office on the impact of the Patient Protection and Affordability Acts… Read more

Bonds, Construction Bonds

A primary focus of my work is advising contractors and handling commercial construction litigation. Admittedly, the role of the “bonding company” or “surety” and public contract requirements of a completion bond or a payment bond, are difficult concepts to explain to clients. But, understanding bond requirements is a key to smaller contractors being able to secure and bid on larger projects…. Read more

Insurance Institute Picks Safest Cars for 2010

Every year the Insurance Institute for Highway Safety (IIHS) picks the top safe cars in various categories and identifies overall winners in each category of vehicle. The winners for 2010 have been posted to the IIHS website. The top manufacturers for 2010 are: Ford (including Volvo) – Six awards. Subaru – Five awards. Volkswagen – Five awards. The full list of awards can be reviewed at the… Read more

Insurance Fraud: It’s All About The Money

Two stories caught my interest this morning. Two stories about insurance fraud that illustrate the fraud can be perpetrated by insureds, insurers, third-parties, regulators, and just about anyone where there is money involved. In Florida, insurer, QBE Insurance Corporation, is facing a $500 million bad faith lawsuit by a condominium association. The association’s towers were seriously damaged in… Read more

RIMS CourseCasts and Social Media

The Risk and Insurance Management Society (RIMS) will be broadcasting a webinar entitled “ISO 31000 and Its Implications to Risk Management” on December 10, 2009 from 1:00-2:00pm ET. The cost is $30 to non-members and free to members of RIMS. ISO 31000 is a generic set of guidelines applicable to risk management and it can be helpful to know when establishing your organization’s risk management… Read more

Crowd Control and H1N1 Guidelines From OSHA

The Occupational Safety and Health Administration (OSHA) issued some holiday specific directives last week. Employers, especially retailers, should take note of the guidelines in time for their holiday preparations. On November 17, OSHA issued crowd control guidelines designed to lower the risk of crowd related accidents. Last year a worker was trampled to death while a mob of shoppers rushed… Read more

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