September is back-to-school and back-to-business month, with the lingering days of summer giving way to cooler evenings. Remind your clients about back-to-school safety and insurance issues for students moving away to college. Let your business and personal clients know that it’s National Preparedness Month, a time to take stock and prep for any emergencies and gear up to September 30, PreparAthon Day. Offer tips on building an emergency kit, developing a family and business disaster plan, checking that vital documents are in order and ensuring the right insurance coverage. Plus, there are many health and wellness issues to promote this month and a few fun things, such as World Beard Day, Grandparents’ Day and Talk Like a Pirate Day. We offer dates and links to jump-start your communications and social media campaigns.
Cyber attacks are a major global menace and a growing issue for risk managers and insurers alike. Currently, the FBI is probing a hack of the New York Times, as well as other major U.S. media. This follows on hacks of U.S. government agencies, political organizations and is just another new front in cyber attacks. Expect the government to get more involved in fighting global cyber warfare.
Meanwhile, on the domestic front, businesses continue to be a major target of attacks. From data theft to business ransom attacks, hackers target commercial entities of all sizes and industry segments. And the cost of such attacks may be far greater than is immediately apparent. A recent Deloitte report focuses on Beneath the Surface of a cyber attack on business performance.
When people think of fraud in the workers comp system, they often focus on claimants: workers who fake injuries, who malinger out of work after a legitimate injury, or who collect benefits for an injury that occurred away from work. It's a problem, for sure, but this is not where the real action lies. If you're looking for fraud, focus on the pros: attorneys and doctors. And if you want to see how fraud works on a truly epic scale, follow the action in California (which happens to be the most expensive state for comp in the country, in no small part due to rampant fraud).
As one of the most successful investors and businessmen on the planet, Warren Buffett commands a great deal of attention in the business press. You probably can't go a week without seeing articles about how to emulate his success or how to run your business like Warren Buffett. At Insurance Journal, Ben Taylor recently featured a fascinating testament to his success: Timeline: From Teen to Octogenarian, How Buffett’s Wealth Has Grown. But if you want to learn more about Buffett's words of wisdom specifically on the topic of insurance, this post has just the thing.
Check out this virtual round-table chat with host George Nordhaus and guests focusing on a 20/20 look at 2021. His title for the webinar queues off the book/film "The World According to GARP." In this case, GARP serves as an acronym for the participants:
George Nordhaus, Chairman of Agencies Online
Al Diamond, President of Agency Consulting Group
Renaissance Alliance president Bruce Cochrane
Paradiso Insurance Agency owner Chris Paradiso