Tuesday, September 6, 2011
The full article can be found at this link. It's a .pdf, so scroll to page 3.
I am a liability nerd, and information security is one of my hot buttons. This article naturally caught my attention. Security breaches expose information: Social Sec. numbers, Credit card numbers and potential Trade Secrets. Once the info is exposed, the affected parties can file claims against the company that was hacked for failure to properly secure it. The companies face fines, damages and attorney fees. If you are one of these unfortunate companies, your General Liability policy will not cover this. Electronic information is specifically excluded in most Liability policies.
Network Security or Cyber Liability policies will respond to such claims. I've included some information about these coverages in a previous post. Find it here.
If your company maintains this info. on your server (and all companies do), take steps to protect it. Have Tex, an IT service provider, recommends 10 best practices to lock up your information exposure. Read this and commit it to memory:
Top 10 Ways to Keep your Business Data Safe
Good luck! Don't hesitate to reach out if you have any questions.
Friday, August 19, 2011
This is an invite to a good seminar on how to network properly. Kelly Jan of Corporate Wingman knows her stuff. She will help you learn how to make your networking events more productive.
Follow Jimmy: www.twitter.com/BrockNortonIns
© 2011 Greater Reston Chamber of Commerce. All Rights Reserved.
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Wednesday, June 8, 2011
I received this notice from Philadelphia Insurance Company, http://www.phly.com, and thought it would be of great interest to pool owners & managers.
Having trouble reading the email? Go Here.
On May 26th, the U.S. Consumer Products Safety Commission issued a news release stating there is a voluntary recall of several retrofit or replacement drain covers that were installed new or as a result of the “Virginia Graeme Baker Pool & Safety Act” which was effective on Dec 19, 2008.
Eight Manufacturers are cooperating with the recall:
Philadelphia Insurance Companies is the marketing name for the insurance company subsidiaries of the Philadelphia Consolidated
© 2011 Philadelphia Insurance Companies
Monday, June 6, 2011
Begin forwarded message:
From: "Events@BusinessInsurance.com" <Events@BusinessInsurance.com>
Date: June 6, 2011 5:53:02 PM EDT
Subject: Business Insurance Webcasts: Browse Our Library of Free On-Demand Webcasts
Reply-To: "Events@BusinessInsurance.com" <firstname.lastname@example.org>
Business Insurance Webcasts & Webinars
Business Insurance Webcasts are developed by the editorial staff of Business Insurance to bring noted speakers and respected business leaders together with BI editors to discuss the latest and most pressing issues.
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Enterprise risk management is much talked about but not widely understood, as there are a multitude of differing approaches. Some are compliance-based, while others regard ERM as a tool to improve organizational performance. What's not debated is the idea that implementing an effective program can contribute to organizational value—the distinguishing feature that makes ERM more than just risk management. ERM is about creating value for the enterprise. Join Laura L. Brooks, vp of risk management and chief risk officer for Public Service Enterprise Group, and John J. Hampton, KPMG Professor of Business and dean of the School of Professional and Continuing Studies and Graduate Business Programs at St. Peter's College, as they explore the performance-based aspects of ERM and how to make it pay off for various organizations. To view this on-demand webcast, register here.
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Reckless behavior or a miscalculation by a driver can be costly—not just to your employee and others on the road, but also to the company's safety record and reputation. Advances in fleet technology, including GPS and sophisticated vehicle monitoring systems, give risk and fleet managers valuable new tools in their efforts to keep a close eye on driver behavior and to boost fleet safety and performance. To help understand how the use of such telematics tools can help protect your company—its drivers, vehicles and other assets—and the public, please join Herbert Mayo, vp, senior loss control consultant-specialist in transportation and general industry safety with Lockton Cos. L.L.C., and Jim Anderson, vp of safety with Florida Rock & Tank Lines Inc., for this webcast. To view this on-demand webcast, register here.
"Dangerous Data: Perils of eDiscovery and How to Manage Them"
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Thursday, May 5, 2011
Sunday, May 1, 2011
Fwd: Southern Storms: Overview of Response and Support Efforts by FEMA and the Federal Government Updates During Disasters)
Southern Storms: Overview of Response and Support Efforts by FEMA and the Federal Government
Sat, 30 Apr 2011 22:17:32 -0500
*Since the deadly tornadoes first struck parts of the country earlier this week, the federal government has been in constant contact with all of the impacted states as they responded to and began recovery efforts from these devastating storms. At the request of the respective governors, FEMA currently has personnel on the ground in Alabama, Georgia, Mississippi, Kentucky, Tennessee and Virginia, and commodities strategically pre-positioned in the region to support the states. President Obama joined Administrator Fugate, the Governor and other state and local officials on the ground in Alabama yesterday. On Sunday, Department of Homeland Security Secretary Napolitano, Housing and Urban Development Secretary Donovan, Agriculture Secretary Vilsack, Small Business Administrator Mills, and FEMA Administrator Fugate will travel to Alabama and Mississippi to survey the damage and meet with state and local officials. The following timeline provides an overview of these and other federal activities, to date, to support the impacted states, families and communities.*
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Saturday, April 30, 2011
The first of many more to come. This suit is being brought by employees of the businesses who had to close their doors due to the flood. The employees are alleging loss of income resulting from the Property Managers' failure to put the Flood walls into place to prevent the flooding. Cleanup and property replacements costs plus loss of revenue claims are sure to follow.
Monday, April 18, 2011
The water rose and seeped into the restaurants lining Washington Harbor. The Washington Times article in the above link indicates that a flood wall was not raised in time to stop the water from flowing in. These restaurants will have to close to dry out and restock. They are going to lose thousands of dollars in revenue as they will be closed just as the warm Spring evenings are arriving.
One might assume that a waterfront restaurant will have adequate Flood coverage. I certainly hope that these restaurants do. However, who was responsible for raising the flood wall? It's possible that the responsible party will be liable for the damages suffered by these businesses.
If it's the Property Management company at fault, then their Liability policy might be the primary responder. OR, the businesses may turn the claims into their Flood Insurance carriers, and those carriers MAY subrogate against the Liability policy of the responsible party.
This is an interesting case to the insurance nerd. I'll be watching.