Taking control of the renewal process – EmployerLINC

Posted on May 17, 2012 by admin





Ever feel the health plan renewal process is holding you hostage? Does it seem like the insurance companies and brokers have all the control over what your plan will look like, what options you have, and how your pricing will be affected? Do you find yourself too crunched for time to seek alternative options and additional savings once you finally receive your renewal back?

Whether your health plan is fully insured or self-funded, the old adage that “information is power” applies here. Starting early and proactively arming yourself with meaningful, actionable information, data and analytics can make all difference as to whether you end up a hostage or hero in the renewal process.

In this one-hour webinar, employee benefits attorney Bill Freudenrich will be joined by employee benefits and risk management consultants Teah Corley and Todd Neaves from PremierSource to review key renewal strategies for both self-funded and fully insured plans. For plan sponsors who are unsure of whether it makes economic sense to switch from fully insured to self-funded, the panelists will also review common strategies and key decision points for making that determination.

Other topics include:

  • Why starting the process early and taking a proactive role are critical to managing costs and plan design.
  • What to expect – and demand – from your broker well before you renew.
  • Why understanding key data about your current plan’s usage can help you make important adjustments for next year’s plan.
  • Why you shouldn’t resign yourself to another automatic increase in costs … again.

Join us for the LIVE BROADCAST on Wednesday, June 27, 2012, from noon to 1pm CDT. There is no cost to participate. Please register at the link below to receive access information for the live broadcast as well as to sign up for HRCI credit, if interested. Registration closes at NOON on Tuesday, June 26th.

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This program has been submitted for 1.0 (General) recertification credit hour toward PHR, SPHR and GPHR recertification through the HR Certification Institute. Registration prior to the live event is required to receive HRCI credit for this webinar. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.

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Rice farmers need risk management options | Rice content from …

Posted on May 17, 2012 by admin

USA Rice Producers’ Group Chairman Linda Raun told lawmakers that rice producers have made two reasonable requests throughout the farm bill process: to provide farmers risk management options and to ensure that the options include real price protection.   

Raun, who with her husband, L.G., farms rice in Texas, testified on behalf of the U.S. rice industry before the House Agriculture Committee’s Subcommittee on General Farm Commodities and Risk Management.

In her comments to the subcommittee, Raun said rice farmers have joined with other commodity groups to ask that the farm bill protect and improve crop insurance for all crops and regions and have urged that the historic payment eligibility and limit reforms enacted in the 2008 farm bill not be reopened in the next one.

The Senate Agriculture Committee has chosen a farm policy path that denies producers “a choice of risk management options that meaningfully address the unique perils they face,” Raun said. Instead the Senate committee’s bill forces “farmers of all crops into a program tailor-made for two crops and one region of the country” that results in other crop producers in other regions of the country having “no safety net at all.”

Raun thanked House Agriculture Committee Chairman Frank Lucas (R-Okla.), Ranking Democrat Collin Peterson (D-Minn.) and the subcommittee’s leaders for their leadership and fairness in looking out for all American farmers.

USA Rice Federation continues to work with House and Senate offices and Agriculture Committees to obtain an options-based farm safety-net program that is effective and equitable.

To read Linda Raun’s written testimony, please click here.

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Cyber Insurance: An ideal incident response solution

Posted on May 14, 2012 by admin

A single security breach can result in hundreds of thousands, if not millions of individual records becoming vulnerable to identity theft. For this reason, it is vitally important for businesses and organizations that store sensitive consumer data to protect itself from data theft.

While as news headlines will prove, no security system is 100% secure, there are many steps that can be taken to secure and protect your consumer data from data theft.

Cyber risk insurance, with data breach response services, offers businesses a comprehensive risk management solution for assisting in a cyber attack/and or data breach recovery scenario. It may offer coverages such as (depending on the specific policies and endorsements):

1) crisis management and customer notification expenses,
2) credit/identity theft monitoring,
3) privacy and security liability,
4) privacy regulatory defense and penalties,
5) computer forensics investigation,
6) a “Data Breach Coach” (aka “Privacy” attorney) and
7) pre-breach planning services.

It’s important to note that all cyber insurance policies are not standard policies and vary by insurance carrier.

We have a cyber risk checklist that provides tips to assist business owners and managers in assessing their Cyber security plans and procedures.

CYBER DATA RISK MANAGERS LLC is an Independent Insurance Agency specializing in Cyber Security and Data Breach response insurance. We offer solutions that help you quickly respond to cyber events and data breaches as well as to plan in advance for their occurrence. Given the ever changing nature of information assurance and compliance, you don’t want to be caught unprepared.

For assistance, call 1-(855) CUT-RISK Toll Free -or- complete the form below.

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Floirda Commercial Insurance Solutions

Posted on May 14, 2012 by admin

At Contractors1stInsurance.com we know that purchasing Florida Commercial Insurance can be an overwhelming process for any company. We know that you do have the time to sort through all the laws, regulations, risks, and exposures that you company may face from day to day. Our experienced agents take you step by step through the process to find you the right insurance for your specific business needs.

As an independent insurance agent, we can work to determine your Florida Commercial Insurance needs based on your unique risks and exposures. Whether you are 1 man in truck or a general contractor with multiple people working under your supervision, we have the knowledge to walk you through your risks and exposures to build your specific risk management program.

Contractors1stInsurance.com has a wide range of coverage options to tailor a Florida Commercial Insurance program to fit your specific insurance needs.

Call 1-800-253-7040 to speak to an agent about your Florida Commercial Insurance

Florida Commercial Insurance we offer:

Workers Compensation Insurance - Workers Comp is required in Florida if your company has 4 or more employees. This type of insurance covers medical benefits, rehabilitation benefits, and lost wages to an employee if they are injured on the job.

Liability Insurance - Liability Insurance will protect your company from claims of bodily injury, property damage, advertisement damage, and personal injury against your company from third parties.

Business Bonds - Bonds as a guarantee between your business and the client that the project will be completed to the satisfaction of the contract. Most private and all government contracts now require proper bonding before work can even be bid on.

Payroll and Employee Leasing - You spend countless hours a week calculating payroll, working on employee benefits, and learning Florida state laws and regulations regarding HR compliance. Employee leasing allows you to outsource HR administration, payroll, employee benefits, and other time consuming projects, to free you and your employees up to focus on more important business operations.

Lower You Florida Commercial Insurance Rates:

Make sure to ask about multiple insurance quotes - This is one of the best ways to get affordable Florida Commercial Insurance, and we can will provide multiple quotes for which to choose from. Different carriers can vary in price up to hundreds of dollars. You want to make sure that you are comparing the same exact policy and not just the price. Our agents will walk you through every question to make sure you have covered every angle.

Raise your deductibles - Raising your deductibles can lower your monthly premiums by 10% to 30%. Be careful not to have such high deductibles that it causes financial hardship in case of an accident. You will want to work closely with a certified broker to analyze your situation and find the right deductible for your situation.

Ask about discounts you may qualify for - Sometimes you are eligible for hidden discounts for specific training, certifications, and professional organization memberships.

Call us at 1-800-790-6808 for a free consultation and Florida Commercial Insurance Review.

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progressinlending.com – Market Analysis: Get Creative To Avoid …

Posted on May 11, 2012 by admin

*Get Creative To Avoid Buy-Backs*
**By Tony Garritano**

***Everyone is trying to be risk averse. Nobody wants a buy-back. And investors are cracking down. Loans have to be ironclad these days. As a result, technology providers are trying to come up with new ways to support their lender clients. For example, origination vendor Ellie Mae is adding a loan buy-back insurance option to its Total Quality Loan (TQL) program. Here’s how it works:

****TQL is an initiative designed to further enhance the loan quality, compliance and salability of loans that are originated through Ellie Mae’s Encompass360 mortgage management software system. TQL offers a suite of fraud detection, valuation, validation and risk analysis services, tailored to individual aggregator/investor requirements. Ellie Mae’s technology enables correspondent lenders to share the findings and data from those services with investors and other stakeholders in the industry supply chain.

****Correspondent lenders participating in TQL can now choose to insure and be covered for losses of up to $100,000 per loan. Underwritten by affiliates of Lloyd’s of London and Liberty Mutual Group, the insurance policy protects lenders from losses due to borrower and appraisal fraud and regulatory non-compliance. For example, the policy covers a seller against claims based on misstatement of income or assets, employment and occupancy fraud, as well as collateral and valuation fraud. Similarly, it protects against loss if a loan is found to be non-compliant with various regulations, such as Federal Truth in Lending Act Tolerance Tests (HOEPA); Federal, State and Local High Cost Thresholds Review; Fannie Mae Points & Fees, and “HUD-HOEPA” Mortgage Thresholds Reviews.

****The coverage begins at the date of origination and lasts for three years. The policy’s coverage automatically transfers with ownership of the loan so that any party who owns the loan at the time a fraud or compliance error is discovered may file a claim under the policy directly rather than force the loss back to the original lender. While there is a cost to the lender for this coverage, this can be offset by lower loan reserves that are available to lenders with insured loans. Ellie Mae receives an administrative fee for each closed loan covered under a policy.

****The program is designed to offer enhancements to traditional programs available in the marketplace. If a fraud or compliance error is discovered, the party suffering a loss can file a proof of loss and determine whether or not it is covered before the amount of the loss has been determined. This allows efficient repurchase, scratch and dent sale or foreclosure options to be assessed with the knowledge that coverage exists. Often, insurance providers’ practices have prevented policyholders from learning whether or not coverage exists until other options for recourse have been completed (or lapsed).

****Arthur J. Gallagher Risk Management Services, Inc., a subsidiary of Arthur J. Gallagher & Co. (NYSE: AJG), one of the world’s largest insurance brokerage and risk management services firms, is the broker for the program. Justin Vedder, area senior vice president at Arthur J. Gallagher Risk Management Services in San Francisco explained, “This program is a validation of Ellie Mae’s TQL process. TQL customers adhere to rigorous origination standards and follow best practices and as a result automatically qualify for this exceptional coverage.”

****“Over the past several years, the GSEs and investors have put back approximately one hundred billion dollars worth of loans to originators,” said Richard Roof, Ellie Mae’s senior vice president of Business Development. “Our TQL program is a direct response to the industry’s demand for increased quality assurance. It is designed to give investors and sellers greater confidence in the assets that are being originated. Adding optional buy-back protection is simply a cost-effective extension of this concept and further mitigates risk.”


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New Article Overviews Crop Insurance Claims for Producers

Posted on May 11, 2012 by admin

Federal crop insurance has long been an important risk management tool for agricultural producers.  In light of recent farm bill policy emphasis on a more robust focus on crop insurance as the cornerstone of farm policy, the National Agricultural Law Center is enhancing its provision of federal crop insurance research and information activities.  Recently, the Center published the first in a series of articles, Filing
a Crop Insurance Claim: An Overview for Producers. 

This short article is designed to provide a brief, producer-friendly overview of key elements of the crop insurance claims process.  The article is written by Grant Ballard, National Agricultural Law Center Research Consultant and private practitioner with the Banks Law Firm, PLLC. 

In addition to the publication of the article series, the Center will also be providing free-of-charge webinars on various aspects of crop insurance and other related farm bill issues.  Please visit the Center’s Outreach page for updates on when the webinars and other Center outreach activities will occur.

For more information on federal crop insurance, visit the Center’s Disaster Assistance/Crop Insurance Reading Room as well as the Center’s extensive database of Congressional Research Service Reports.

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Executive Security Co. | Insurance Quote Monster

Posted on May 8, 2012 by admin

industrial security systems salt lake city Are you in need of professional security, but need more than just a typical home security system?. Hiring a trained security contractor can be the answer you are searching for. They can facilitate security specialists that are trained for a variety of situations, armed or unarmed and uniformed or undercover. These officers have completed a certification process that includes exams and training to demonstrate ability for monitoring, reporting, and risk management. Our security team is perfect for any situation including residential areas, industrial complexes, parking enforcement, and special events. Hiring a security contractor will guarantee you are protected in any situation. security installations

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Executive Security Co. | Insurance Quote Monster

Posted on May 8, 2012 by admin

industrial security systems salt lake city Many situations exist where you might be in need of security, but require more than just a computerized security system. Hiring an experienced security contractor can be the solution you are looking for. They can facilitate security officers that are trained for a variety of situations, armed or unarmed and uniformed or undercover. These specialists will have gone through a training process that includes exams and training to demonstrate proficiency for monitoring, reporting, and risk management. Security officers can be utilized for many situations like residential areas, industrial complexes, parking enforcement, and special events. Hiring a security contractor will guarantee you are protected in any situation. security installations

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Mobile Insurance Assessment Process – Risk Management

Posted on May 5, 2012 by admin

Past to zeroing in on a ideal statement, one must to do mobile insurance assessment process in an extensive way. Being paid highest in sequence on the subject of the offered competitive phone insurance schemes is the superlative aspect to do a comparative laboratory analysis. Dredge up that an educated consumer is permanently a smart consumer and by comparing the unfilled word you pray grow to be smarter.

Whereas liability insurance assessment you hardship to get on to specified that you are neither concluded insuring nor below insuring your phone. Beware to opt for that quantity which is nearby to your handsets authentic proxy quantity. While the perfect outline are constantly launched and replaced with recovered ones it is recovered to furnish priority to pricing for the period in which your phone belongs. While phone lessons are secure and do not grasp phased prohibited easily, heart your pricing on the perfect outline. You must what’s more tab the warranty instant of your phone to pass up redundant price on impressive that you by now have. The insurance statement that you interpret must be such that it extends your phones warranty.

Phone insurance assessment process must what’s more interpret into story the total of the premium. This pray facilitate you to settle missing from paying various shocking total when you enhance the monthly premiums. Coverage of the insurance graph desires hefty attention whereas liability Mobile insurance assessment. Make sure that you grasp coverage aligned with alone, scratched and stolen phones and what’s more peruse the exclusions that the party mentions to pass up upcoming headaches. Whereas liability a comparative laboratory analysis you must what’s more see what brand of proxy phone the party pray furnish you. Get on to absolutely that you pray grasp a stamp new-found phone of the demand perfect and not a refurbished one.

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Sr Consultant-Claims job from Insurance Claims Web.com at AON …

Posted on May 5, 2012 by admin

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