How To Combat Insurance Price Increases
Homeowners insurance premiums are increasing by rates that exceed inflation. Insurance companies are proposing double-digit rate increases at some state insurance departments. The leading factors include the increased reconstruction cost value of homes, along with increasing values driven by suburbanization. The impact of weather events in these areas of concentrated values would further strain demand […]
Kaitlin Knecht Promoted to Vice President of Operations at AssetSure
AssetSure, a national independent insurance agency, has promoted Kailin Knecht to Vice President of Operations. In this new role, Kaitlin will oversee operations in Claims, Commercial and Personal Insurance, and Risk Management, while also managing administrative tasks in Accounting, Administrative Support, Human Resources, Training and Education, Marketing, and Information Technology. Ultimately, her role is to […]
Is Your New Customer or Supplier Legitimate?
Fraudsters can appear legitimate by impersonating real businesses. Does your company have a vetting process in place when onboarding new customers or suppliers? What vulnerabilities does your company have in your procurement process? Does your company have reputational risk? A worthwhile repost, albeit one that includes a pitch on one of their software products, is […]
Best Practices for Cybercrime and Ransomware Defense
Human Vulnerabilities are the Leading Cause of Cybercrime and Ransomware affecting Individuals and Businesses A prominent cause of cyber fraud and hacking incidents that result in interruption or loss for individuals and businesses begins with Compromised User Credentials triggered by a user’s response to an email that looks like it is from Outlook 365, Google […]
Bill Higgins Joins AssetSure as Commercial Lines Insurance Practice Leader
AssetSure, a national independent insurance agency working with leading financial services professionals to protect client’s financial assets, has hired William (Bill) Higgins as Commercial Lines Practice Leader. Higgins will be responsible for management of all aspects of the commercial lines department book of business and will oversee the agency’s property & casualty commercial account management […]
Careful Planning Makes Yacht Lay-up a “Layup”
When laying up your vessel for the season, allow for time and prepare a plan which considers the following maintenance suggestions: Winterize all systems including the draining of all plumbing, air conditioning, engine, sanitation, and domestic water systems. Ensure the holding tank is empty. Inspect all seacocks. Most importantly, don’t forget to check on your […]
Are You and Your Company Cyber-Safe?
2021 has been a year in the record books for cybercrime. Cyber criminals have been increasingly emboldened by the increase in remote working and have targeted businesses of all sizes that have weak cyber security. High profile cyberattacks, such as the ransomware attack against Colonial Pipeline in May, make national news. But what about cybercrime […]
Considerations for Worldwide Travelers
Insurance for travel calls to mind trip cancellation or accident insurance. There are other risk factors in travel which should be considered, particularly for international travel. The best way to contemplate travel risk is to differentiate liability, which is the risk of liability or similar suits from third parties, from first party loss such as […]
AssetSure Names Ted Karlunas Practice Leader of Personal Insurance
New hire to be responsible for personal insurance operations as company expands AssetSure, an independent insurance agency working with leading financial services professionals to protect the financial well-being of clients, announced today the hiring of Ted Karlunas as Vice President, Personal Insurance Practice Leader. In this role, Karlunas will lead personal insurance operations as the […]
Commercial Office Space and Vacancy Provisions in Insurance Contracts
For owners of commercial property, it is a good time to review vacancy exclusions in insurance policies. Many policies include limitations that may limit or completely eliminate coverage in the event of a loss due to damage if the property has been vacant for a specified period of time (typically 60 days, but policy wording […]
