December 28, 2022
One of the new laws going into effect in California on 1/1/2023 requires the disclosure of company pay information by employers. Pay scale disclosure (SB1162) applies to all employers, however, the rules are different for different company sizes. All employers will be required to develop pay scales to comply with this law. In addition: A […]
December 16, 2022
1. Obtain Retroactive Coverage Many cyber policies are claims-made, meaning they will only cover incidents that occurred during the policy period. Let’s say your cyber policy has an inception date of January 1, 2022, and several days later you discover that three months previously you started having cyber breaches. The incidents that occurred prior to […]
December 2, 2022
A recent survey of risk managers—those charged with identifying, evaluating, and selecting the best techniques to mitigate risk—by Nationwide Insurance revealed that cybersecurity takes up a substantial portion of their budgets. 68% expect these budgets will continue to grow in the coming years. Nationwide’s previous studies have revealed that consumers as well as small to […]
November 22, 2022
In October, Munich Reinsurance Co., the world’s largest reinsurer, announced new stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. Munich RE has said on its website that as of April 2023 it would not invest or insure projects involving new oil and gas fields or new midstream […]
October 28, 2022
If you read our story “Is Your Website Discriminatory?” you know that the website accessibility provisions in Title III of the ADA apply specifically to places of public accommodation. 42 U.S.C. § 12182(b)(2)(A)(iii). There is an issue, however, with how the phrase public accommodation Is defined. Last month a California state appeals court held that […]
October 19, 2022
We hope it never happens, but when you suffer a loss, you’ll have to file a claim to receive payment from your insurer. Here’s how the process works, and how to handle it to your best advantage. Step One: Notify Authorities Your first priority is always to prevent further injury and to protect life and […]
September 23, 2022
Here are the top five future risks troubling the reinsurance companies of the world, according to Swiss Re — reinsurers are the ones that back up the primary insurance companies who actually put their names on the policies (the retail insurers). Legal tech — is AI rendering justice? Over the past decades, AI in law […]
September 16, 2022
Does your website violate the Americans with Disabilities Act (ADA) because it is not maintained in a manner accessible to blind or visually impaired people? As most employers know, Title I of the ADA, which applies to all employers, public and private, that employ 15 or more individuals, prohibits discrimination against individuals with disabilities in […]
August 25, 2022
Standard business general liability (GL) policies provide little coverage for pollution damage, including toxic spills like the one in West Virginia in 2014. Today most companies that store or handle potentially toxic materials purchase a separate environmental liability policy. These policies cover the exposure that the GL policy excludes. Property owners purchase environmental impairment liability […]
August 11, 2022
Your organization has just been sued, and you’ve notified your liability insurer. Then you receive a reservation of rights letter. Here’s what it means and what to do. The insurance reference resource Practical Risk Management defines a reservation of rights as “an insurer’s notification to an insured that coverage for a claim may not apply. […]
