By Anita Byer, Setnor Byer Insurance & Risk Florida employers may be paying less for workers’ compensation insurance next year. The National Council on Compensation Insurance (NCCI) is recommending an average 15.1 percent rate level decrease in Florida’s voluntary workers’ compensation market for 2024. NCCI, a...
By Anita Byer, Setnor Byer Insurance & Risk The National Oceanic and Atmospheric Administration is predicting near-normal hurricane activity for the 2023 Atlantic hurricane season. NOAA forecasters predict a 40% chance of a near-normal season, a 30% chance of an above-normal season and a 30% chance...
By Anita Byer, Setnor Byer Insurance & Risk Florida’s recently enacted tort reform bill includes a new law to help multi-family residential properties defend against negligent security premises liability claims. It applies to residential properties with five or more dwelling units on a particular parcel, including...
By Anita Byer, Setnor Byer Insurance & Risk Tort reform is underway in the Sunshine State. On March 24, 2023, House Bill 837, an historic reform bill containing monumental changes to Florida’s civil tort system, was signed into law. According to its proponents, HB 837 will...
By Anita Byer, Setnor Byer Insurance & Risk Indemnification agreements are commonly used in business transactions to allocate risk. Risk allocation involves identifying who is responsible for what and for how much. In some cases, a contract requires one party to assume the liability of another...
By Anita Byer, Setnor Byer Insurance & Risk A survey of publicly reported data breaches revealed that 2022 nearly broke the record for most data compromise events in a single year. According to the Identity Theft Resource Center’s 2022 Data Breach Report, there were 1,802 publicly...
By Anita Byer, Setnor Byer Insurance & Risk Did you know that fraudulent funds transfer (FFTs) is quietly becoming a leading driver of cyber loss? A recent survey of cyber insurance claims by Corvus Insurance revealed that the frequency of FFT claims has surpassed all others,...
By Anita Byer, Setnor Byer Insurance & Risk Florida employers will be paying less for workers’ compensation insurance in 2023. The Florida Office of Insurance Regulation approved an overall average statewide decrease of 8.4 percent in workers’ compensation insurance premiums. The rate decrease will apply to...
By Anita Byer, Setnor Byer Insurance & Risk At a glance… The EEOC released a new mandatory workplace poster – Know Your Rights: Workplace Discrimination is Illegal – to replace the previous EEO is the Law poster. The new poster includes various changes, including the addition...
By Anita Byer, Setnor Byer Insurance & Risk October is Cybersecurity Awareness Month. This year’s theme, See Yourself in Cyber, is meant to communicate the fact that cybersecurity ultimately depends on people. Although cybersecurity can be an incredibly complex topic, in most cases, your organization’s best...