Tag: liability coverage

Directors and Officers insurance importance has changed due to #MeToo

Nordstrom
Directors and Officers insurance - Woman Holding #MeToo paper

The movement may have gained traction through celebrities, but it is changing workplace culture. The #MeToo movement took off as a result of the Harvey Weinstein scandal, but directors and officers insurance (D&O insurance) changes are reflecting the impact in the average workplace. Over the past year, the movement has gained tremendous momentum. Companies are paying attention. Businesses are becoming enthusiastic about an array of changes that follow the #MeToo movement. “There’s now a swell of enthusiasm for the notion that women and men will not tolerate sexual harassment in…

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Cyber liability insurance gains popularity outside of corporations

Julie Campbell
cyber insurance industry

Other types of organizations, including school boards, are now investing in the coverage. Following the latest tremendous data breach – the one that struck Target and that gave hackers access to the consumer debit and credit card account information from about 40 million people – a growing range of types of organizations are looking into cyber liability insurance and the type of coverage that it can provide them. Ann Arbor Public Schools is the latest to join this flood of non-retail groups that are covering themselves. While Target fights to…

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Liability insurance news from exploded Texas fertilizer plant reveals tiny coverage

G. Turner
liability insurance damaged building

The company has a $1 million policy, which is an amount that would cover only a fraction of the damage. It has just been revealed that the fertilizer plant from West, Texas, which exploded in April, holds a liability insurance policy of only $1 million, which would provide coverage for only a tiny fragment of the estimated cost that was generated by the blast. Lawyers have guessed that the amount of the policy is small enough to be considered nearly negligible. One of the attorneys, John McCoy, who represents the…

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Understanding different types of insurance and their need in emergency

Guest Author
Different types of Insurance

Insurance is a vital constituent of financial safety for any person. As time goes by, individuals start thinking about different ways that they may employ to save their hard earned cash – insurance policies being the most common among them. Insurance provides several benefits, based on the type that is purchased. Life insurance, health insurance, auto insurance and homeowners insurance are some of the common varieties of insurance policies. Insurance certainly serves different purposes and offers benefits for individuals as well as businesses. While a lot of people buy insurance…

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Florida passes new PIP reform bill that will is expected to reduce auto insurance fraud in the state

Nordstrom

Florida Governor Rick Scott is claiming a major victory on behalf of the state’s citizens this week. The state Senate has passed legislation that will reform the state’s troublesome personal injury protection (PIP) auto insurance system. The system has been wrought with fraud for several years, becoming much worse over the past two. Legislators supporting reform claim that this fraud was causing auto insurers to raise rates on coverage at alarming speed. The new legislation seeks to remedy the problem. The legislation that was passed by the Senate is House…

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