Sometimes a condominium association needs to enter an owner's unit, which is why Florida's Condominium Act gives associations an irrevocable right of access. This right of access may only be used during reasonable hours to perform needed maintenance and repairs or to prevent damage to...
Before the dust could settle on Target's data security breach, news of a potentially larger one has surfaced. On September 18, 2014, Home Depot confirmed that it suffered a data breach involving the debit and credit card information of approximately 56 million customers. Target's breach...
Though the term ‘grandfathered' is commonly used when discussing group health insurance under the Affordable Care Act (ACA), many people don't know what it means. ‘Grandfathered' is used to describe group health plans that are exempt from many of the ACA's provisions. These exemptions were...
At one time or another, most of you have let a friend borrow your car. Unfortunately, many of you probably weren't thinking about insurance coverage as you handed over the keys. So what do you think, if your friend gets into an accident while driving...
Many businesses take a piecemeal approach to buying insurance. One policy for property insurance, another for liability insurance, and so on. Unfortunately, this approach can be difficult and time consuming, particularly for small- and medium-sized businesses. For these businesses, a Business Owners Policy, a BOP,...
Regardless of industry, cyber attacks and data breaches expose businesses to potentially enormous losses and liabilities. According to a report by the Insurance Information Institute (III), the potential economic fallout from the cyber threat cannot be underestimated, particularly because the number of publicly disclosed data...
Employers subject to the Affordable Care Act's Employer Shared Responsibility provisions may be assessed a penalty if they do not offer affordable health coverage that provides a minimum level of coverage to their full-time employees and their dependents. Whether an employer is subject to these...
Cyber risks are a growing concern among businesses of all kinds. In a recent speech given at the New York Stock Exchange, SEC Commissioner Luis A. Aguilar emphasized that cyber security should be a number one priority of businesses and regulators alike and warned companies,...
Insurance companies have a general duty of good faith when settling the claims of their policyholder. This duty of good faith can come from statute, common law, or both. For example, in addition to having a common law duty of good faith, insurance companies in...
Jameis Winston purchased a $10 million disability and loss of value insurance policy, and Florida State is helping him pay for it. While the exact cost for this insurance coverage is not certain, there is speculation that the university will be paying a $55,000 to $60,000...