Monthly Archives: <span>March 2011</span>

Why Restaurants’ Insurance Menu Should Include Cyber Risk Coverage

Many businesses have not updated their insurance to keep pace with today’s world of cyber liability. Restaurants are no exception. Today restaurants use the Internet. A restaurant will likely have its own Web site, a Facebook and/or Twitter account, an …

NRRA Surplus Lines Requirements: The Devil is in the Details

Editor’s Note: This is the second installment of a two-part article on compliance with the Nonadmitted and Reinsurance Reform Act. Part one appeared in the West region of Insurance Journal’s February 21, 2011 issue. When the Nonadmitted and Reinsurance Reform …

New Blood Recommended for Pinnacol Assurance Board

Colorado’s Senate Business, Labor and Technology Committee unanimously recommended the confirmation of John Cevette, Blair Richardson and John Plotkin to Pinnacol Assurance’s board of directors. On Feb. 22, 2011, Colorado Gov. John Hickenlooper signed executive orders to appoint John Plotkin …

Declarations

A Philanthropic Model “As a company, we believe it is important to raise awareness of the needs of local fire departments. Supporting the fire service means rescuers will be better protected and our communities will be safer.” —Michael LaRocco, president …

California Earthquake Authority Targets $5 Million to Help Agents Sell Earthquake Insurance

New Zealand’s 6.3 magnitude Christchurch earthquake is expected to be one of the costliest global insurance events since 2008, with total insured losses ranging between $3 billion and $12 billion. And it’s not unthinkable to expect an earthquake of the …

Web Exchange

Man v. Machine InsuranceJournal.com reported on the adventures of IBM’s artificial intelligence machine, Watson, and its victory on the TV game show “Jeopardy.” In the article and podcast, What’s Next for IBM’s Watson: Insurance Jobs in Jeopardy?, IBM’s insurance industry …

Calif., Colorado Consider ‘Crash Tax’ Bans

Legislators in California and Colorado have proposed new laws that would prohibit communities from charging a fee when police and fire personnel respond to motor vehicle accidents. The city of Sacramento recently adopted just such a “fire recovery charge” on …

Social Media Package Policy Provides Answer to New Exposures

Instant messaging, electronic newsletters, online gaming, discussion forums such as chat rooms and online dating Web sites just to name a few — these are the new ways we communicate and interact with one another. Social media can be defined …

Risk Management Tips for Pizzerias

Similar to how the insurance industry helped to teach pizza chains that the 30-minute delivery promise was harmful from a safety perspective, insurance agents also can help advise restaurants on how to avoid delivery-related claims and prevent loss. The most …

Business Moves

Lawson-Hawks, Christopher Lee Insurance Services Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., acquired Christopher Lee Insurance Services of Carmel, Calif. The terms of the transaction were not disclosed. John Miller, CEO of Lawson-Hawks …