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Electric Highway On Its Way

The stretch of 160 miles of Interstate 5 served by eight stations marks the next big step in developing an infrastructure that until now has been limited primarily to chargers in homes and workplaces. The stations go from the California border north to the Oregon city of Cottage Grove and are located at gas stations, restaurants and motels just off the nation’s second-busiest interstate. One is at an inn that was once a stage coach stop. Spaced about every 25 miles, the stations allow a Nissan Leaf with a range of about 70 miles to miss one and still make it to… Read More »Electric Highway On Its Way

Texting While Driving Now Banned in Idaho

At least 35 states and Washington, D.C., ban text messaging by drivers, but efforts to toughen the law in Idaho has struggled to gain traction in recent years.  After several tries and frustrating setbacks, Idaho is set to join the majority of states that have toughened laws against sending text messages while driving. House lawmakers voted 53-17 Tuesday to bar motorists from using smartphones and other hand-held devices to review, prepare or send written communications. Rep. Julie Ellsworth, R-Boise, pushed the plan, saying a strong message from state leaders is needed to curb the deadly and growing habit.

Our March Success List

NEW YORK – Restaurant Supply Store – Metal Goods Manufacturing for Restaurants/Bars/Hotels – Very large slip and fall loss 2 yrs prior – $20,000 Premium – NY – Household goods mover MTC account – Trucker’s GL also separately placed – $800 Premium – NY CALIFORNIA – Large Pallet MFG for $13K in premium in CA. – Large Used Car Dealership in CA for $35K. – Large ($50 Million) TIV Vacant Building – 25 Rental Dwellings to “flip” – CA – $10,500 Premium – Door and Window MFG – CA – $4,000 Premium – Excess added for $750 to Premium FLORIDA,… Read More »Our March Success List

“Super Losses” of Healthcare Sector

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

Most Cargo Theft Risk Countries

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

Buy D&O Directors Officers Coverage

More companies are increasing the amount of director and officers liability coverage they purchase, while pricing for private companies buying the coverage may be showing signs of a hardening market, according to survey released  by Towers Watson & Co. The report, “Directors and Officers Liability: 2011 Survey of Insurance Purchasing Trends,” surveyed 401 organizations that buy D&O liability insurance. The group includes public, private and nonprofit companies. One-quarter of public companies and 14% of private/nonprofit organizations said they increased their D&O limits of liability.

Medical Identity Theft

What is medical identity theft? How can it put a patient in jeopardy? How are data breaches involved? Healthcare fraud is costing American taxpayers up to $234 billion annually, based on estimates from the FBI. One form of healthcare fraud, known as medical identity theft, has its own staggering statistics: 1.42 million Americans were victims of medical identity theft in 2010, according to a 2011 study on patient data privacy and security by the Ponemon Institute. The report estimates the annual economic impact of medical identity theft to be $30.9 billion. The harm medical identity theft causes patients is often… Read More »Medical Identity Theft

How to Manage Work Related Stress

What Is Workplace Stress? People experience stress in many parts of their lives. Although stress is an essential element of many activities at work and at home, stress becomes harmful when it reaches an intensity that begins to impair daily activities. The focus of this brochure is harmful stress that arises from work situations, as opposed to stress that is generated by an employee’s personal life. Harmful workplace stress has been associated with: – Jobs that demand a lot from the employees while allowing them little control over how the job is performed, – Work environments that are unsafe and/or uncomfortable, and – Organizational practices that… Read More »How to Manage Work Related Stress

CA Work Comp Carriers Change Rates

Several California admitted insurance companies are going to file new rates with the California Department of Insurance for workers’ compensation policies effective in July 2020. To see a comparison of averages rates and to learn more about how these changes affect premium, go to www.paperless-insurance.com and click on “Get a Quote Now”. As you are shopping for the renewal, it is important to keep in mind that not all rates change uniformly. Rates for some policyholders will go up and some will go down. Knowing how much your renewal rates are changing could be valuable information to have as you… Read More »CA Work Comp Carriers Change Rates