Fatal motorcycle accidents in Tennessee are increasing corresponding with a rise in the number of people being issued motorcycle licenses. Motorcycle accidents tend to be more serious because of lack of protection. Paperless Comment: be careful. Use proper helmet and outfit. Follow the traffic code and rules. Think of your life first – does it really cost the savings you’re getting by switching from a car to a motorcycle?
Tips You Need to Avoid Fraudulent Slip and Fall Claims Slip and fall claims represent a significant fraud risk because they can be easy to fake and difficult to disprove. And any location where the public is invited—grocery stores, restaurants, banks, etc.—is vulnerable. Opportunities Abound “The people who would attempt insurance fraud see a wet floor or a grape on the floor as an opportunity,” said Jack McGoldrick, Director, Hartford Special Investigations. “There are people who make an absolute living at it.”In some instances, the fraud artist will even create an opportunity. In a recent case in a Texas sandwich… Read More »Avoiding Fake Slips, Trips, and Falls
Insured: Software Developer & Consultancy Scenario: The Insured entered into a contract for the design and development and supply of software. Two years later the software was incomplete and contained numerous errors. Problem: The third party rejected the software and dismissed the insured. The third party abandoned the software altogether and engaged another party to develop a fresh solution. Outcome: Proceedings were brought for breach of contract, claiming repayment of the contract price ($600,000) and damages for wasted expenditure.The insured relied on a clause limiting its liability to $25,000 in respect of each contract, the third party claimed the terms… Read More »Another Claim Scenario
Insured: Reseller of Software Scenario: The third party wanted a system to support their accounting and financial reporting requirements as well as a point of sale system to handle their retail and wholesale operation. The insured had various stores within a capital city, which were all to be connected to each other and head office. The insured had the distribution rights for a well-known software package, which provided both back office and sales function. Problem: Late Delivery of the System.Data was dropping out of the point of sale system. The automatic ordering system was not updating into the main system.The… Read More »Claim Scenario
Define OSHA: The Occupational Safety and Health Administration OSHA has proposed penalties of nearly $8.7 million against Imperial Sugar Co. and its two affiliates, alleging violations at their plants in Port Wentworth, Ga., and Gramercy, La. The citations followed an explosion and fire on Feb. 7, 2008, at the Port Wentworth refinery that killed 13 employees and hospitalized 40 others. Three employees remain hospitalized. According to OSHA, the proposed penalties against Sugar Land, Texas-based Imperial Sugar represent the third-largest fine in the agency’s history. Imperial Sugar President and Chief Executive Officer John Sheptor issued a statement saying the company, which had… Read More »OSHA. It’s better to comply…
House OKs bill to help strengthen building codes The House of Representatives has approved legislation that would create a national program to encourage local governments to administer and enforce building codes.The House passed the Community Building Code Administration Grant Act on Wednesday. The bill, which was introduced by Rep. Dennis Moore, D-Kan., would require the federal government to award matching grants to local governments for, among other things, staff development and capital expenditures dedicated to administering building codes.The bill has wide support in the property/casualty insurance industry.Companion legislation has been introduced in the Senate. Paperless Advise: If Senate OKs the… Read More »Make Sure to Have Ordinance of Law Coverage