Last week I reviewed a prospect’s insurance policies and was shocked by the carelessness in which these policies were put together. When I took my first look at the policies to get an overview of what the policies looked like I was so surprised that I had to email the prospect and ask them if … Continue reading Careless Mistakes by Your Broker Can Lead to Uninsured Losses
Today's question is, "Why do I need to value my Building or Contents at replacement cost?" We ask our clients to compile a fair amount of information and one of the pieces of information we ask for are property values. There are three common responses we get when the replacement cost is not provided: Appraised … Continue reading Common Question Friday – Questions I Hear Most From Insured
Take a listen about what I learned during Boston Biotech Week and the RESI conference. itunes.apple.com/us/podcast/life-sciences-rush-hour-investing-news-risk-management/id1384888594
Most of my blog posts are commentary on recent news and how insurance policies can impact the final outcome. For example, right now I could write about how the impending hurricanes could impact a company’s supply chain and describe how an insurance policy could protect your cash flow if a key supplier or customer is … Continue reading Why an Oncology Company Bought Way Too Much Insurance
On August 20th a federal judge in California approved a settlement against Anthem that involved 78 million members information being exposed. 19.1 million of those claimants impacted proved that they were exposed and the settlement will be split amongst those members. As part of the settlement the members of the class action lawsuit can claim … Continue reading Anthem Just Reached a $115 Million Settlement Due to a Cyber Breach
If you are doing business in California you might be unaware that the consumer privacy laws are becoming more stringent espcially if you are not domiciled there. Failure to adhere to these rules could lead to penalties of up to $7,500 per day. The good news is that it looks like companies will have until … Continue reading The California Privacy Act is Coming – Is your Cyber Policy Prepared?
Check out my podcast, Life Sciences Rush Hour - Investing, News, Risk Management and any other topic impacting the space, on Apple Podcasts! https://itunes.apple.com/us/podcast/life-sciences-rush-hour-investing-news-risk-management/id1384888594?mt=2&uo=4