Cyber risks are more prevalent than ever in today’s digitized society. What was once categorized as an IT issue in this industry, cyber-attacks are becoming more of a focal point for accountants and board members alike. As these exposures are becoming more and more of a threat, your clients need to review their Accountant Privacy & Network Security to ensure they have the protection they need.
According to the Institute of Interamerican Accounting Association (IAA) survey “Pulse of the Profession,” 65 percent of almost 1,900..
Perhaps one of the largest Insurance Acquisitions this year, ACE Limited board of directors has approved the acquisition of The Chubb Corp. for $28.3 billion in stock and cash, also approved by the Chubb board of directors. The two firms agree that this merger will result in complementary business, skills and distribution, plus better growth and earnings than the two companies separately.
The combined company, using the Chubb name and location, had total shareholders’ equity of almost $46 billion and cash, investments and..
Commercial crime can come in many forms; your clients may be the victim of a data breach, or even internal employee theft. In addition to ensuring they are financially protected with an adequate Commercial Crime Insurance Policy, they may also be utilizing another insurance policy, their Employment Practices Liability policy. How could a company director be held liable for an employment practices issue..
Financial Institution Directors have many risk management considerations to make when it comes to protecting their business and the finances of their clients. This starts with identifying what their biggest threats are. According to the Federal Trade Commission, 10 million identity theft incidents occur every year, leaving the victims at risk of losing money and sensitive information.
Large data breaches have topped headlines nationwide, however 30% of all cyber-attacks are targeted at small businesses, including financial institutions. One..
Insurance broker Ames & Gough recently released a report that revealed a large majority of Architect and Engineer insurers are anticipating modest increases in premium rates this year. This will make 2015 the third consecutive year that Architect Liability premiums have risen. Why is this?
According to a recent Insurance Journal article, insurers are keeping a close eye on the factors that are driving up claims costs, and thus increasing premiums. While claim frequency remains relatively unchanged, the..
The Affordable Care Act (ACA) has seen more than 50 repeal attempts since its implementation; both from the house and senate. A recent Supreme Court case, the 2012 NIFIB V Seleblius upheld the rules and regulations set forth by the ACA, despite the heavy opposition at the time. However, a new Supreme Court case has come to light; the 2015 King V Burwell case. While many expect it to still rule in favor of the ACA, business owners and risk..
Job Title: Controller
Supervisor: Mike Smith
Hours: Monday – Friday; 8:30 am – 5:00 pm in Franklin Lakes, New Jersey
Immediate opening for an experienced financial controller to join a growing professional/management liability insurance brokerage located in Franklin Lakes, NJ. This position is a hands on position to oversee the company’s accounting department for a growing multistate insurance brokerage operations. The successful candidate will be responsible for the accounting, financial reporting, multistate tax and budgeting operations. This position is located in Franklin Lakes, NJ..
In our previous blog post, we discussed the stigma that exists around insurance agents in their 20’s; that they are “too young” to really understand the complex business and risk management needs of their clients. We looked at a few ways to potentially combat this stereotype; but those aren’t the only strategies that are out there. Brent Kelly, insurance agent and contributing writer to Insurance Business America, recommends the following approaches to Building Your Insurance Agent Reputation:
Continue Your Education. Kelly suggests broadening your insurance know-how..
Tim Stolly of Stolly Insurance located in Lima, Ohio recently spoke on the topic of business insurance to a group of 27 young professionals. The presentation was intended to make these professionals realize that there is “a lot more to business insurance” than they think. It’s important for young entrepreneurs to understand the need for protection of all types; Professional Liability Risk Coverage, Cyber Liability, Employment Practice, etc. Equally important, or perhaps even more important, is the need for the millennial generation..
There’s been some good news for the commercial real estate industry recently; Investor’s Business Daily recently reported that lenders are increasingly looking to finance commercial properties as the market continues to grow. For agents & brokers looking to take advantage of this recent development, it’s essential to review their risks and ensure their Commercial Real Estate Agent Professional Liability policy is up to date.
In addition to ensuring they are financially protected, what else should your clients in this sector be aware of? As you..
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