Legal malpractice claims in recent years have remained relatively steady, but defense costs, claimed damages and settlement sums have all climbed. That’s according to the latest survey of some of the leading lawyers’ professional liability insurance companies, revealing troubling trends that argue in favor of doing what many attorneys are loathe to do – taking… Read more »
About half of Americans think they understand Health Savings Accounts, but some big misconceptions persist. According to the LIMRA Secure Retirement Institute, 51 percent of the 2,000 people surveyed said they were somewhat or very knowledgeable about HSAs. That obviously leaves plenty of others who could stand to learn more about the pros and cons… Read more »
Colorado’s largest workers’ compensation insurer, Pinnacol Assurance, is cutting rates for next year by a whopping average of 7.4 percent, one of the largest drops in the past few years. The rate cut for 2017 averaged 3.2 percent for the insurer’s 57,000 or so Colorado policyholders. It was 3.6 percent for 2016. Next year’s drop,… Read more »
If you’ve been watching the Colorado gubernatorial race closely, you know that guns laws are once more set to become a point of contention. Opponents want to do away with the state’s 2013 laws expanding background checks to private sales and limiting the size of magazines. Gun-control groups, of course, want to keep things as… Read more »
CCIG’s Storma McMurry explains high-deductible healthcare plans and why they’re increasingly popular.
Cyber risk management has been an issue for IT departments for years. It’s now a problem at the heart of boardroom discussions, too. Case in point: Equifax, which has been hit with dozens of lawsuits from shareholders, consumers and even a credit union, all hoping to recoup losses related to its massive data breach in… Read more »
It’s been more than 16 years now and there’s no doubt the world has changed a lot since 9/11. Getting onto a plane is a lot tougher than it used to be. Government surveillance and privacy concerns are more pronounced than ever. It’s no wonder two-thirds of U.S. businesses today are covered by terrorism insurance…. Read more »
Long-time employees do it. The most trusted advisors have gone for jail for it. Even a mother-in-law or two has been busted for it. We’re talking embezzlement, a crime that often takes years to discover and can force even the healthiest of companies into bankruptcy. According to a study by insurer Hiscox, the average loss… Read more »