An industry that is too important to fail suffered claims of almost $7 billion in 2021 and now looks to take the lead in reducing client risk By Stephen Moramarco The cyber insurance industry, battered by a seemingly unending onslaught of claims, is reaching a breaking point. According to the FBI’s latest Internet Crime Report,
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When Paul Davis adopts new technology after careful scrutiny and testing, the company counts on that technology to make significant impacts. They expect it to speed project completion, for example. Or improve communications. They count on it to manage costs, advance partnerships or improve customer satisfaction. Rarely does a technology significantly improve all these areas
By Sue Quimby CPCU, AU, CIC, CPIW, DAE MSO, Inc. Human trafficking is a worldwide problem, impacting millions of men, women and children over thousands of years. In the United States, California, Texas and Florida have the most trafficking cases. India leads the world in human trafficking cases with approximately 14 million victims. Forbes has
Brenda McDermott, CPCU, SCLA, ARM, AIDA, AIC, CIIP The accomplishments of so many talented athletes at the 2022 Winter Olympics have unfortunately been overshadowed by the alleged actions of one young skater who has been accused of cheating by testing positive for a banned substance. Adding to this allegation is the long history of her
Keri Herlong, CPCU, CIC, CRM, CISR, ACSR, AIM, CIIP, CLP, DAE Do you feel like a fainting goat trying to understand what people mean by “1099 employee”? Relax! This blog was written to keep you from keeling over when trying to determine what this means to policyholders versus what it means to your commercial lines
By Dr. Claire Muselman The workers’ compensation industry needs a serious pep talk. Many have lost sight of the original intent of workers’ compensation, to take care of the injured worker. When messaging is added in from the outside world, it appears that everyone is against the injured worker or out to get them, especially
The Special Interest Communities had a great year and have big plans for 2022. There will be more virtual meetings, more opportunities to network, and more options to hear subject matter experts. Remember – all IAIP members are welcome to join one or all the SICs, this benefit is included in your membership dues. This article is
by Sue Quimby, CPCU, AU, CIC, CPIW, DAEMSO, Inc. The COVID-19 pandemic of 2020 changed the face of business and industry forever. When the pandemic struck in March many companies were left unprepared for or unable to make the transition from an in-house workforce to social distancing. Companies responded in a variety of ways. At
Cindy Prudhomme, AINS, CPIA, CIIP, CLP After a year of lockdown, adapting to the quarantine lifestyle, and learning that we really can do business without shaking hands or going out to lunch, I took a moment to reflect on the last year… how I came into it and how things worked out. When businesses shut
Are you taking the risks posed by the sharing economy into consideration when you talk to your clients or companies? Are you looking for that thing that can make you stand out to the people above you in your workplace? The sharing economy is here to stay and is much more pervasive that just Uber