Shaun McParland Baldwin with www.insurancelawforum.com posted an interesting article describing how past year intellectual property claims were ruled by various courts and whether those claims were covered under the commercial general liability (“CGL”) policy. Read more
The overall cost and frequency of so called $50 million plus “super losses” in the U.S. healthcare insurance sector are on the rise. According to a report from specialist healthcare insurer Hiscox, the large losses keep on getting larger with juries in the last two years alone awarding more than $1 billion in total damages for just seven medical liability cases. The rise in large claims is happening despite the clear benefits of the implementation of quality and patient safety measures, Hiscox said. Record awards are being made in cases ranging from inadequate staffing at nursing homes to medical negligence… Read More »“Super Losses” of Healthcare Sector
Mexico, Brazil and South Africa are most at risk for cargo theft, FreightWatch International (USA) Inc. said Monday in a report. Total cargo thefts in Mexico increased 13% in 2011, with more than 10,000 hijackings occurring on roads and highways reaching an estimated value of losses of $9 billion, according to the Austin, Texas-based logistics security agency. 21% of all theft incidents targeted the food and drink industry. The overall average loss value per theft incident increased 23%, to $189,510 from $154,000, during the 2010-2011 reporting period. Paperless Advise: your ocean marine and inland marine cargo insurance policy will provide… Read More »Most Cargo Theft Risk Countries
In many of Cupertino, Calif.-based Apple Corp.’s television advertisements about its new iPhone 4S, individuals are shown using the smartphone’s new voice-activated assistant feature Siri to make appointments, find restaurants and even learn the guitar chords to classic rock songs. But if iPhone 4S users ask Siri what she thinks about a recently filed lawsuit accusing Apple of false advertising, she probably won’t understand the question, much less direct them to the complaint, according to disgruntled customer Frank F., who filed his complaint March 6 in U.S. District Court in San Jose, Calif. The suit, which seeks class action status… Read More »Is Siri As Smart As Apple Claims?
Broadband and information technology are powerful factors in small businesses reaching new markets and increasing productivity and efficiency. However, businesses need cybersecurity tools and tactics to protect themselves, their customers, and their data from growing cyber threats. Here are ten key cybersecuritytips for businesses to protect themselves: 1. Train employees in security principles Establish basic security practices to protect sensitive business information and communicate them to all employees on a regular basis. Establish rules of behavior describing how to handle and protect customer information and other vital data. Clearly detail the penalties for violating business cybersecurity 2. Protect information, computers and… Read More »Eleven Cybersecurity Tips for Small Businesses
Travelers Cargo Elite® policy provides outstanding coverage for importers and exporters, including automatic “all risk”* coverage for international shipments of new merchandise – even for goods your client has never shipped before. Benefit from a policy that offers an extensive range of coverage features, streamlined reporting and the ability to issue online special policies anywhere, anytime. Cargo Elite Coverage Highlights: Policyholders have full rights to the possession and control of all damaged goods. If a loss is not immediately apparent at the time of delivery, Travelers coverage applies to the discovered loss up to 60 days after arrival to the… Read More »Cargo Elite by Travelers – Simply the Best
A workers compensation statute of limitations is a regulation in a common law legal system that sets the maximum time after an event that legal proceedings based on that event may be initiated. For example, such legal proceedings may involve claim subrogation or premium collection. California’s statute of limitations for collecting unpaid insurance premiums begins once an insurer has sent its final audit bill to the policyholder, and continues for 3 years. In a unanimous opinion, the court said the California State Compensation Insurance Fund could collect on $1 million in workers compensation premiums owed by building contractor, even though… Read More »Workers Compensation Statute of Limitations Explained
An employer cannot compel a workers compensation claimant to undergo a second independent medical evaluation, a Tennessee Supreme Court Special Workers’ Compensation Appeals Panel ruled Tuesday. The finding in Sterling Edward Hubbard vs. Sherman-Dixie Concrete Industries Inc. upholds a trial court ruling that awarded the truck driver workers comp benefits.
For many drivers, getting behind the wheel is second nature, so it’s easy to make errors without realizing it. However, these errors can lead to serious accidents. Keep yourself and others safe on the road by avoiding these mistakes: 1. Tailgating Leave a three-second cushion between you and the vehicle in front of you. Leave even more time when road conditions are bad or when you’re travelling at higher speeds. 2. Stopping Instead of Yielding Accidents can happen when drivers stop at a yield sign. “Yield” simply means to slow down and let the traffic on the road you are… Read More »Top Five Mistakes Drivers Make
Desperate Housewives is about to enter its 8th season. While we wait for the last broadcast of this show, interesting development has caught our attention. Each season we, appreciative audience, witness storms of passion, violent behavior, cheating spouses and multiple murders within Visteria Lane neighborhood. Ever wonder what happens to the characters killed in the show? Edie Britt, embodied by actress Nicollette Sheridan was killed at the end of season 5, yet she is about to rise from dead. According to Insurance Journal “actress says she was wrongfully fired for complaining that “Housewives” creator and executive producer Marc Cherry struck her during a… Read More »Wrongful Termination of Desperate Housewife