Nearly 95 percent of homeowners have some form of homeowners’ insurance. Most have a basic understanding about their insurance policies. But, a survey by the Insurance Information Institute revealed that many homeowners have significant knowledge gaps about what is and what is not covered by...
Have you ever heard of a Transportation Network Company or TNC? If you don’t think you have, think again. Uber, Lyft and Sidecar are all TNCs that arrange transportation for a fee using technology platforms like mobile apps and websites. Given their relative infancy, TNCs...
Condominium board members are required by law to act in the best interests of the association and the unit owners. Unfortunately, this duty of loyalty can be compromised by conflicts of interest. Even the appearance of conflicting interests can cause unit owners to lose faith...
Did you know that 15 to 70 percent of your homeowners’ insurance premium can be attributed to the risk of wind damage? Taking steps to prevent or reduce wind damage is known as wind mitigation. These steps can save your home from catastrophic storm damage....
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 party. These risk transfers are commonly found in construction and landlord/tenant agreements, and are becoming common practice in...
Cyber threats and data security remain a big concern for individuals and businesses alike. But sometimes, the most effective cybersecurity comes down to the little things, like using strong passwords, installing security updates and keeping your car’s key fob in the freezer. Wait, what? It’s true....
A federal judge in Texas has blocked the Fair Labor Standards Act's new white-collar overtime exemption regulations. Ten days before their effective date, District Court Judge Amos Mazzant issued a nationwide preliminary injunction that temporarily prohibits the Department of Labor from implementing and enforcing the...
In a previous article, we discussed the possibility that Florida employers may soon be paying substantially more for workers' compensation insurance. Unfortunately, this possibility has become a reality. On October 5, 2016, the Florida Office of Insurance Regulation (OIR) issued a final order approving an overall...
Did you know that there will be nearly 21 billion devices connected to the Internet by 2020? According to Gartner, an information technology research company, 5.5 million new devices are connecting every day. This rapidly growing network of Internet-enabled physical devices capable connecting, communicating and identifying...
Are you planning to hit the road one last time before summer comes to an end? If so, we have some advice—BE CAREFUL! According to the National Safety Council (NSC), the number of motor vehicle deaths from January through June 2016 is 9% higher than during...