by Bill Hammond State lawmakers are divided over proposal known as “Coverage for All,” which would allow low-income undocumented immigrants to obtain free health insurance through the state-run Essential Plan. The state Senate approved the measure on June 8, but the bill did not pass the Assembly. Advocates of the proposal insist that it would […]
The use of golf carts continues to grow. Worldwide, in 2022, the golf cart market surpassed $1.5 billion and is expected to grow 6% per year, reaching $2.55 billion by 2028. Golf carts are found in more and more places – from airports to hotels, resorts, theme parks, and residential communities – not just golf […]
Social Transactions Technology and the sharing economy have led to seismic changes in how people live – altering the face of social collaboration. Peer-to-peer (P2P) lending, or social lending, occurs when lenders and borrowers deal directly with one another through online services. P2P insurance involves a group of people with a common interest pooling their […]
The COVID-19 pandemic dramatically impacted businesses and individuals. Virtually overnight, working remotely became a norm causing millions to rethink their life choices, including where they wanted to work and live. In response, employers chose to be more flexible, allowing employees the ability to earn a living from virtually anywhere in the world. Helping clients adapt […]
Six actions to make sure you’re ready when—not if—a cyberattack strikes. by Richard Torrenzano “Beginning today, all passwords must include sign language, thumb fingerprints, and animal noises,” read a sign in a corporate office I visited recently. Unfortunately, contemporary cyber challenges extend way beyond password protection. Among the most costly and troublesome matters facing boards […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor A home break in occurs every 30 seconds in the United States. Department of Justice statistics reveal that there are over 1.65 million home invasions per year, resulting in an average loss of nearly $3,000 per invasion(simplyinsurance.com). Helping clients prevent home invasions […]
by Jane M. Orient We are all grateful that Buffalo Bills player Damar Hamlin survived his encounters with sudden death (two encounters—his heart stopped twice). He has expressed gratitude for the thousands who prayed for him, and he was delighted to be able to attend a Buffalo Bills-Bengals playoff game just 20 days after his […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor The number of active/mass shooter events has increased alarmingly in recent years. While there is no set definition of an active/mass shooting event, they are generally deemed to include four or more injuries or deaths and occur in a public setting, such […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Inflation is a major headline in the news, affectting all aspects of life. According to bls.gov, in the 12 months ending June 2022, the Consumer Price Index increased 9.1% – the largest jump in 40 years. Inflation impacts our daily expenses as […]
With the advent of blockchain technology, collecting, in the form of non-fungible tokens (or NFTs), has taken on a whole new look. NFTs can be confusing, and as with many transactions, there are risks. First and foremost, NFTs are intangible or nonfungible items, and are not insurable under standard personal or commercial insurance policies, as with NFTs there would be no direct physical loss to tangible property. This represents a challenge to insurers as they attempt to address the insurance exposures and potential losses related to the growing universe of NFTs.
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