Yesterday, a judge on the U.S. District Court for the Eastern District of Texas entered a preliminary injunction staying the enforcement of the new overtime rule that was to take effect on December 1, 2016. (Click here for an explanation of the rule.) The judge found that rule to be unlawful because it imposed a minimum […]
Read more...Category: Current Events
IIAG Fall Conference – What You Missed
IIAG had its annual Fall Conference a couple of weeks ago. This year it was held at a conference center in Augusta that was adjacent to Riverwalk Augusta, which is a beautiful park that runs next to, and in some places along the top of, the levee that separates downtown Augusta from the Savannah River. If […]
Read more...Cyber Security Coverage Gaps
My last post pointed out the need to carefully review a potential insured’s exposures to data breaches and then make sure that the policy chosen adequately covers those exposures. The latter task is made more difficult by the lack of standardized cyber liability policies. Each company has their own form for such policies and as the […]
Read more...Cyber Security Insurance – Traps for the Unwary
It has been awhile since I last posted anything about cyber security, but it continues to be a very hot topic in the various insurance related newsletters that I receive. As I noted in my first two posts of this year, cyber security is a two-edged sword for insurance agencies. While they need to protect themselves […]
Read more...IIAG Annual Convention – What You Missed
The Independent Insurance Agents of Georgia held its 119th Annual Meeting a couple of weeks ago at the beautiful Amelia Island Resort. I had the most fun at the annual corn hole tournament held by the Young Agents Committee on the beach, and I learned the most at the presentation by John Immordino on Cyber […]
Read more...Avoid, Deny, Defend – What is it?
Avoid, Deny, Defend is a program developed by the ALERRT Center at Texas State University for training people about what to do if they are involved in an active shooter incident (an individual is actively engaged in trying to kill other people). According to an FBI study of such incidents, there were 160 from 2000 through […]
Read more...Georgia Does Well at IIABA Legislative Conference
The state of Georgia was well represented in the awards handed out at the recently completed Independent Insurance Agents and Brokers Association’s annual Legislative Conference. The old reliable when it comes to awards, Georgia’s Young Agents Committee, walked away with the first ever InsurPac Catalyst Award. This is a new award that recognizes a state Young […]
Read more...Cyber Security Revisited
I began the year by writing two posts about the challenges and opportunities presented to insurance agents and agencies by cyber security issues. During the last week of February, I attended a webinar that focused on what agents and agencies should be doing to protect themselves. (Click here for a link to that presentation.) Next […]
Read more...Cyber Security in 2016 – The Opportunity
Last week, I wrote about the challenges facing independent insurance agencies to protect their confidential data from hackers. The reality of agencies’ exposure to cyber attacks was made clear at a cyber security event hosted by Travelers last Fall. At that event, the head of Travelers’ cyber insurance unit stated that 60% of all cyber attacks in […]
Read more...Cyber Security in 2016
I hope all my readers had a safe and enjoyable Holiday Season. I thought it would be a good idea to start the New Year by writing about a topic that was the subject of a lot of commentary last year and promises to be even more of a hot topic this year. The massive […]
Read more...