RSS

Tag Archives: Webinars

Upcoming Webinar Classes! Register with Us!

 

Topic: Insight on Errors and Omissions (E & O)
Date: September 12 & 13, 2012
Time: 9am – 11am PST 10am – 12pm MST 11am – 1pm CST 12pm – 2pm EST
Credits 4 hrs California Dual Approval All other States Fire & Casualty
Course Description
Course Number
Non Members: $50.00 


University Subscribers: Free (Login Required)  Join University

 

Al Parizo AFIS

CE Approved States CA, CO, FL, ID, IN, IL, IA, LA, MA, ME, MO, NE, NH, NV, NY, NC, OR, PA, TN, TX, UT, WI, WY

ALL Webinars can be attended for educational purposes in all states


Topic: Farm Liability
Date: September 19th, 2012
Time: 9am – 11am PST 10am – 12pm MST 11am – 1pm CST 12pm – 2pm EST
Credits 2 hrs Fire & Casualty
Course Description
Course Number
Non Members: $50.00 


University Subscribers: Free (Login Required)  Join University

 

Casey Roberts, CIC, AFIS, ACSR President, Laurus Insurance Consulting

CE Approved States CA

ALL Webinars can be attended for educational purposes in all states


Topic: Directors & Officers Liability
Date: October 10th, 2012
Time: 9am – 11am PST 10am – 12pm MST 11am – 1pm CST 12pm – 2pm EST
Credits 2 hrs Fire & Casualty
Course Description
Course Number
Non Members: $50.00 


University Subscribers: Free (Login Required)  Join University

 

Marjorie L. Segale AFIS, CISC, RPLU, CIC, CRIS, ACSR, CISR Director of Education, Insurance Community Center & President, Segale Consulting Services, LLC

CE Approved States CA (Pending in FL, ID, IN, IL, MA, NE, NV, OR, TN, TX, UT, WI, WY)

ALL Webinars can be attended for educational purposes in all states

 

Advertisements
 

Tags: , , ,

My Dog Ate My Homework – That’s the excuse people used to use!

You know that old excuse—“my dog ate my homework”. 

Cross section of a metal-core catalytic converter

 

Well, try this one—someone stole the catalytic converter from my car. I first heard this excuse when my sister, who is a psychologist, called during her work day and told me her patent had just cancelled their appointment. She said it was the second time that month that her patients used the excuse that their catalytic converter had been stolen and they had to get their car to the shop. I decided to look into this phenomenon to see if it was a trend or my sister had just lost her popularity. I was surprised to find out the facts.

Covered Not Covered: Stealing Catalytic Converters from Cars

It appears this crime is not a new one but has become more popular with the rising cost of platinum. The New York Times reported as far back as 3/29/2008 in an article titled: “Thieves Leave Cars, but Take Catalytic Converters” just how prevalent this type of theft was becoming. In the article they wrote: “The catalytic converter is made with trace amounts of platinum, palladium and rhodium, which speed chemical reactions and help clean emissions at very high temperatures. Selling stolen converters to scrap yards or recyclers, a thief can net a couple of hundred dollars apiece. Exactly how much depends on the size of the car and its converter. But even a little bit is worth a lot. Converter thefts are the quickie crime du jour, not only in Chicago, where workers in auto body shops and other experts say it is increasingly a nuisance, but anywhere cars are, which is to say basically everywhere.

“These are definitely occurring more than they have in recent memory, and why that is, is definitely tied to the price of precious metals within converters,” said Frank Scafidi, spokesman for the National Insurance Crime Bureau. Replacement converters usually start around $450. When you start getting into the larger S.U.V.’s, it’s $1,000-plus, said Don Tommasone, owner of Village Automotive, a car care center just outside the city. The larger the catalytic, the more platinum. That’s the ones they’re stealing. It’s also easier to crawl underneath them. They don’t need to jack up the vehicle, they just saw it right off.” http://www.nytimes.com/2008/03/29/us/29converters.html

This is not just a crime that affects the individual owner of a vehicle but is also prevalent at used car lots, especially those that have poor security. The thieves can make a big hit by stealing the converters from all the cars for one big score. In a youtube video, the story is told of a car lot in Camp Washington where all 47 vehicles on the lot had the converters stolen for an estimated loss of $20,000. The owner of the lot estimates it takes less than three minutes to steal the converter and done by simply cutting off the unit. www.youtube.com/watch?v=e_P1F8ifQjg. Other articles report of these theft occurring at auto repair shops and new car lots.

Now for the Covered Not Covered question, starting first with the individual’s Personal Auto Policy. Clearly the theft of the Catalytic Converter is covered under the Comprehensive or Other Than Collision Coverage on a Personal Auto Policy. It is, of course, subject to the deductible. What we know is that in today’s economy our personal lines clients are trying to save money on their insurance and it is not uncommon for them to be carrying higher deductibles in the $500 and $1000 range or more. Which means the loss would fall below their deductible.
As for the 47 vehicles stolen off the used car lot, we would look to the Dealers Open Lot Coverage. Most of these forms will have a deductible per vehicle, for example $1,000 or $2,500. Some policies will be written with deductible based on “car limit”, for example a 5 car maximum limit deductible. Policies can be issued with a maximum deductible during a 12 month period, for example $150,000. This entirely depends on the policy being issued. In the example of the 47 vehicles and a loss of $20,000 would work out to be only an average of $425.00/vehicle which might fall below their deductible. An auto repair shop would have the same issue on their Garage Keepers Physical Damage coverage with the deductible per auto or loss with an annual aggregate deductible.

The only silver lining in this story is that I have been reassured that my sister has not lost her touch and her patients were telling the truth. The bad news is that this loss is happening everywhere and could happen to you.

Written by: 
Laurie Infantino AFIS, CISC, CIC, CRIS, ACSR, CISR
President, Insurance Community Center

 

Tags: , , , , , ,

What do Encryption and E & O have in common?

They both start with “E” and Failure to Encrypt could mean E & O or WORSE!

Community Webinar Announcement: July 17th at 10am PST
The Five Key Issues You Must Understand about Encryption
CLICK HERE TO REGISTER FOR THIS EVENT – Complimentary
Conducted by: Seacoast Telecom/Link2Exchange/ ZixCorp

It is never ending–and darn right discouraging that there is something else we have to worry about transactionally in our insurance offices that could cause us serious problems. Failure to follow the protocols of encryption could not only lead us to being sued by our customers but can be a violation of privacy laws in effect. According to a Ponemon Institute study, insecure channels account for the majority of data leaks. These mistakes are not only unprofessional, they are often illegal. HIPAA, HITECH, GLBA, and SOX, state that data security laws and guidance from FFIEC agencies are no longer optional.

Some of the questions you must ask as you audit your own company’s encryption protocols are:
1. Does the agency management system you utilize have the required encryption?
2. Are your confidential emails truly protected by your Agency Management System?
3. Do any of your employees email outside of the Agency Management System?
4. Do any of your employees use their IPADS or phones to text information that could be considered confidential?

It is not only what you SEND—it could be what you RECEIVE.
Recipients receiving unencrypted emails, including your customers, patients, third-party organizations, business associates, strategic partners, and regulators may all be at risk.

Our presenters are leaders in the field of email services and encryption. Seacoast Telecom/Link2Exchange is a cloud service broker who has partnered with the leader in encryption technology, ZixCorp. To ensure privacy and compliancy, ZixCorp encrypted email solutions proactively scan for sensitive information based on defined corporate policies. If confidential material is found, it can either be blocked or sent encrypted. Each solution integrates with any corporate or Web based email system.

Don’t jeopardize your customer loyalty and company reputation and face the financial cost of defending yourself in a lawsuit or be found in violation of laws in effect. Attend this seminar so you can assess your operation and implement necessary changes right away.

Written by: 
Laurie Infantino AFIS, CISC, CIC, CRIS, ACSR, CISR
President, Insurance Community Center

 

Tags: , , , , , , ,

Insuring Wineries and What You Need To Know

The barrel room at Byington Winery in Los Gato...

There are NO two wineries that are exactly alike which makes insuring wineries so difficult.  The process involves understanding the winery operation; identifying the exposures; reviewing the risk management protocols the winery has in place; reviewing contracts the insured was assumed as to the contractual transfers and insurance requirements; and choosing the right insurance program to meet their needs.

The Insurance University is presenting a Winery Class specifically geared to identifying exposures and understanding specialty winery coverages.   This class is sponsored by AmWINS that has designed a Winery Insurance Program that is very comprehensive and unique in its insurance solutions.  The class will be presented by both Gary Delucchi, Vice President of AmWINS Insurance Brokerage of California and Laurie Infantino, President of the Insurance Community/University.

Understanding the winery operation is a lot more than just a GREAT glass of wine; but, ultimately it is all about that glass of wine! Join us to learn more.

The live online webinar class is this Thursday at 12 pm ET. For more information and to register, click here.

 

Tags: , , ,