Cyber insurance is not a priority among many small and midsize businesses

Nordstrom
Cyber insurance coverage - Digital

SMBs often don’t see the need for the coverage because they don’t expect to be affected by such incidents. According to the results of a new poll, approximately half of the small and midsize businesses (SMBs) operating out of Singapore don’t feel that they need cyber insurance or are undecided as to whether it offers them any potential benefit. This trend aligns with those in the United States, according to several past polls. The SMBs feel that they are not at risk because they don’t store sensitive data online. According…

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Lawmakers consider raising FDIC deposit insurance cap after SVB collapse

G. Turner
Deposit insurance - Money - Law

The Silicon Valley Bank collapse has some believing that $250,000 is not enough protection. Some lawmakers in the United States consider the Silicon Valley Bank collapse to be an eye-opening experience and are now tinkering with the idea of raising the Federal Deposit Insurance Corporation’s coverage cap of $250,000 in case of another catastrophic bank failure in the future. Raising the FDIC cap would provide greater protection to the customers of a failed bank. “I think that lifting the FDIC insurance cap is a good move,” said Senator Elizabeth Warren…

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7 Ways To Invest In 2023 | A Detailed Study

Guest Author
different ways to invest in 2023

Investing is a crucial aspect of building wealth and securing a financially stable future. While the investment world can be complex and intimidating, it is essential to understand the different investment options available to make informed decisions. In this post, we will discuss seven ways to invest in 2023, backed by genuine data and in-depth research. 7 Ways To Invest In 2023 Stocks Stocks have been a popular investment option for decades, and their popularity has only increased in recent years. According to a report by Statista, the number of…

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Florida Senate attempts another bill to eliminate no-fault auto insurance system

H. Cutner
No-fault auto insurance - People after car crash

The system has been plaguing the state and is blamed for keeping rates among the highest in the US. The Florida Senate recently introduced a new bill in an attempt once again to take down the no-fault auto insurance system in the state. The required coverage means that drivers must use their own policy when accident claims are made. In addition to the mandatory no-fault auto insurance coverage, drivers must also carry a minimum of $10,000 in personal injury protection coverage. Though the system was developed to help eliminate a…

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9 Louisiana insurance companies apply for new incentive program

Marc
Louisiana insurance - Apply Now

Commissioner Donelon released an update about the strategy to take the pressure off Citizens. Louisiana Insurance Commissioner Jim Donelon recently held a news conference during which he released an update about the new incentive program in the state. The announcement revealed that 9 insurers selling in the state have applied for the program. The Louisiana insurance program announcement was a follow up to the $45 million funding bill state legislators passed to allow the Department of Insurance in the state to form an incentive program to draw more insurers to…

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Louisiana Insurance Commissioner Jim Donelon won’t seek a 5th term

G. Turner
Insurance Commissioner - No Vote

In the midst of a property coverage crisis, he has stated that he won’t be running again. While Louisiana continues to scramble to keep on top of a property coverage crisis, Insurance Commissioner Jim Donelon has announced that he does not intend to seek re-election to a fifth term in the fall. This announcement is likely to generate greater interest in what will already be a heated race. The unexpected announcement arrived in the midst of Donelon’s efforts to keep Louisiana out of a potential property insurance market collapse. Since…

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Physicians, Is Your Tail Covered? Why Must You Consider Tail Coverage When Switching Practices

Guest Author
medical malpractice what is tail coverage

Many new physicians may feel relieved when offered a contract that includes malpractice coverage by the hospital. However, unfortunately, things are not the same when switching to another practice opportunity after a few years!  It is where tail malpractice coverage comes in. When switching your practice, it offers a backup plan in case any patient brings up a claim from your previous practice.  Even if you still think you do not need one, here are some scenarios where you may be required to, or it will be a good idea…

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