Fall is Here — Are you ready for Winter?

Winter storms rank third in terms of the dollar value of damaage they cause, second only to hurricanes and tornadoes.  A January 2011 analysis by Minich Re, a leading reinsurer found that winter storms caused about $25 billion per year.  However, the winter of 2010 brought more winter storms to more populous areas of the Northeast and Midwest, causing about …

$300 Billion?

Estimates of insured property damage from the Japan earthquake ranged from $12 billion to $26 billion, despite the fact that only 14 to 17 percent of businesses and homeowners in Japan have earthquake coverage. Experts expect losses to commercial and industrial property to comprise approximately 35 percent of insured property losses. Total insured losses, including life insurance losses, could reach …

Cargo Theft: More Than Property Loss

In addition to the direct losses suffered, cargo theft can cause missed deliveries, lost sales and production downtime. Although  many thefts go unreported because victims do not want their insurance rates to rise, unreported cargo theft can cause liability exposures. For example, stolen food, beverages and pharmaceuticals can be re-sold. If the theft goes unreported and the goods have been …

Weight Discrimination

The majority of American adults are overweight or obese, yet studies have found that weight discrimination is increasing. This could prove to be a new frontier in employment law. How do we define “overweight” and “obese”? The U.S. Centers for Disease Control define overweight and obesity as “ranges of weight that are greater than what is generally considered healthy for …