March 11, 2021
We’re Cheap
The insurance industry has gone to great expense to make insurance fun because, after all, it’s really about saving money, isn’t it?
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February 17, 2021
Cyber Fraud Alert
The Department of Financial Services (“DFS”) recently learned of a systemic and aggressive campaign to exploit cybersecurity flaws in public-facing websites to steal Nonpublic Information (NPI).[i] The unauthorized collection of NPI appears to be part of a growing fraud campaign targeting pandemic and unemployment benefits.
January 9, 2021
Discovery or Loss Crime Coverage?
Because of their trusted positions, it is often far easier for employees to steal from a company than any outsider. Also, once an employee begins stealing from their employer, it often continues over a sustained period and results in higher total losses.
September 28, 2020
Crime: Stolen Before – What is Employee Dishonesty coverage?
Every year the U.S. Chamber of Commerce puts out information about how employee theft is the fastest growing crime, represents 60% of inventory losses to U.S. companies, and is the cause of about 30% of the business failures.
August 28, 2020
What do you mean – No Coverage?
A client of mine gave one of his employees the afternoon off in exchange for the employee dropping off a small package of merchandise at the customer’s site not far from the employee’s home. Happy to get the afternoon off, the employee headed out the door with package in hand and his GPS searching for the customer’s address.
July 15, 2020
Cyber-Data Breach
55% of the small businesses surveyed by the Ponemon Institute had suffered a Data Breach and 53% had already suffered multiple Data Breaches. Only one third of the business had properly notified the affected individuals about the exposure of their personal information.
May 6, 2020
Workers’ Compensation – Joys of the Experience Modification
In California, insurance carriers file Workers’ Compensation rates and pricing adjustments with the California Department of Insurance for approval.
April 11, 2020
Loss of Digital Assets
For those of us that remember using carbon paper to create a copy of a document, technology is the greatest. Virtual offices, telecommuting, and all forms of working remotely have changed the face of the standard business model.