chris m. posted an article on Risk(y) Business - Dec 1, 2009, 6:20 pm
In previous posts I discussed  Enterprise Risk Management and having to apply a process to determine risk in all phases of your business. What is this process? It is a 5 step approach&n...
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chris m. posted an article on Risk(y) Business - Nov 18, 2009, 7:25 pm
I am deviating from my risk management posts to discuss the SB1(Senate Bill 1) work comp law and how insurance companies are starting to enforce the requirments created by the law. If you are an ...
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chris m. posted an article on Risk(y) Business - Nov 8, 2009, 6:46 pm
To establish a "holistic approach to your business risk,  the first step is to start with your goals. In order to achieve your business goals on a consistant basis you then need to keep the ...
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chris m. posted an article on Risk(y) Business - Oct 26, 2009, 9:37 pm
ERM or Enterprise Risk Management is a holistic view of risk in a business. A lot of attention has been paid to ERM after the financial crisis and meltdown. Experts say that  if AIG had a so...
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chris m. posted an article on Risk(y) Business - Oct 23, 2009, 7:59 am
Image via Wikipedia The State of California has enacted a new "pay as you drive" directive allowing insurance companies to charge insured drivers based upon the actual miles they drive instead of the ...
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chris m. posted an article on Risk(y) Business - Oct 17, 2009, 7:57 pm
The Central Delaware Chamber of Commerce is going to work with the Delaware Insurance Department to promote the work place safety program. The safety program allows qualified business owners to save u...
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chris m. posted an article on Risk(y) Business - Oct 16, 2009, 8:13 am
In the past I have spoken to clients regarding a particular workers compensation claim affecting them and have asked if they have brought the employee back to work yet. Too many times the answer is n...
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chris m. posted an article on Risk(y) Business - Oct 15, 2009, 5:45 pm
There is a lot of talk coming out of congress regarding the anti-trust exemption for the insurance industry. The McCarren Ferguson act which was passed over 40 years ago, gives the insurance industry ...
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chris m. posted an article on Risk(y) Business - Oct 13, 2009, 3:21 pm
Attention business owners, if your employees are downloading information from illegal websites, you may be held liable for damages. A recent case out of New Jersey, the appellate court found the ...
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chris m. posted an article on Risk(y) Business - Oct 12, 2009, 10:50 am
Image via Wikipedia According to an article in The Telegraph, an online UK website/newspaper, identity theft has risen by more than a third in that country. Based upon information provided by the art...
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chris m. posted an article on Risk(y) Business - Oct 8, 2009, 2:14 pm
The Senate is scheduled to vote on health reform as early as next week. The buzz around the insurance industry is that health insurance companies are going to be taxed to pay for it. Right now there i...
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chris m. posted an article on Risk(y) Business - Oct 6, 2009, 7:33 pm
A recent report showed that State work comp funds are insuring 25% of the work comp market. This high percentage is a disturbing sign that indicates the standard insurance marketplace i...
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chris m. posted an article on Risk(y) Business - Oct 5, 2009, 6:42 am
Image by Getty Images via Daylife According to an industry source, the souring economy has brought a rise in suspicious claims. The National Insurance Crime Bureau said 41,619 suspicious claims were ...
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chris m. posted an article on Risk(y) Business - Oct 2, 2009, 7:36 am
Image via Wikipedia I recently read an insurance industry article titled "Lessons from and equipment thief" , and they discussed what would probably be tips from thieves, if they were that forthcoming...
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chris m. posted an article on Risk(y) Business - Sep 30, 2009, 1:51 pm
Image via Wikipedia Recently a Delaware court upheld an insured's claim against an insurance company due to a lack of  uninsured/underinsured coverage on the insured's policy.  The...
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chris m. posted an article on Risk(y) Business - Sep 24, 2009, 8:11 pm
To follow up from my post yesterday, it seems that health insurers are trying to get all their premium now before the congress passes a health reform bill. Most of my clients are seeing 20%, 30% and e...
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chris m. posted an article on Risk(y) Business - Sep 24, 2009, 6:43 am
Areas of northern Ga. that have never flooded are now under water from a deluge of rain. The State climatologist says that Atlanta had not seen rain of the magnitude received ...
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chris m. posted an article on Risk(y) Business - Sep 22, 2009, 9:51 pm
I have posted a few paragraphs regarding the health care debate going on in congress. Today I read an article that congress wants to impose taxes on health insurers to pay for a health care reform bil...
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chris m. posted an article on Risk(y) Business - Sep 21, 2009, 2:03 pm
Image by Getty Images via Daylife Many of the economic articles you will come across today are starting to talk about inflation. With the billions and billions of new printed money placed into ou...
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chris m. posted an article on Risk(y) Business - Sep 17, 2009, 7:13 am
Image via Wikipedia Recently an official with the Virginia workers compensation commission rescinded a $200.00 a day fine against Facebook. It seems an employer in the state requested photos from Fac...
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chris m. posted an article on Risk(y) Business - Sep 14, 2009, 10:01 pm
With the financial meltdown that occurred roughly a year ago, directors and officers have been in the cross hairs. Lawsuits against directors for bad decisions and mismanagement of their respective co...
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chris m. posted an article on Risk(y) Business - Sep 10, 2009, 9:05 pm
The National Insurance Crime Bureau (NICB) has reported the amount of suspicious insurance claims has risen this year 13%. Suspicous car fires, auto glass claims,and product liability claims are up 20...
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chris m. posted an article on Risk(y) Business - Sep 8, 2009, 4:07 pm
It is a proven fact that businesses that focus on loss control, safety and risk management pay a lot less in business insurance premiums. When compared to thier respective peer groups, these businesse...
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chris m. posted an article on Risk(y) Business - Sep 7, 2009, 12:02 pm
It looks like President Obama and the democratic controlled congress is looking to softn it's position on health care. A national health program to compete against the current health marketplace i...
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chris m. posted an article on Risk(y) Business - Sep 3, 2009, 12:20 pm
Image via Wikipedia According to a recent AAA poll, most Delawareans favor a ban on texting while driving, a response favored by 96% of respondents to the poll. Also, 64% of respondents favor an outr...
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