Category Archives: Insurance

Игроки всегда ценят удобный и стабильный доступ к играм. Для этого идеально подходит зеркало Вавады, которое позволяет обходить любые ограничения, обеспечивая доступ ко всем бонусам и слотам.

July/August Issue of Risk Management Now Online

Posted on by

Faithful readers: the June issue of Risk Management magazine is now online. The cover story focuses on how rating agencies gained so much power, helped tank the economy and figure into the future of risk management. Other features explore a possible turn in the property/casualty insurance market cycle and Risk Management‘s 7th annual captive domicile review.

Our columns explore topics such as:

If you enjoy what you seen online, you can subscribe to the print edition to enjoy even more content.

Please let us know what you think in the comments below. And stay tuned to the blog for even more coverage in the future. Lastly, you can follow the magazine on Twitter, “like” us on Facebook and join our LinkedIn group.

Lloyd’s Could Lose $15 Million from Tour Cancellation

Posted on by

Lead singer and vocalist Caleb Followill -- exhaustion or alcohol?

When the band Kings of Leon scheduled their international tour, they covered the far flung possibility of event cancellation with Lloyd’s of London, taking out a $15 million policy, according to Rolling Stone. And now, Lloyd’s may have to pay up.

At a Dallas, Texas, show just a few days ago, lead singer Caleb Followill announced mid-concert that he could not finish the show. In his own words, he was drunk and needed to leave to stage. The rest of the band members (consisting of two brothers and one cousin) apologized to the booing crowd. But those weren’t the only people to be upset and maddened by the lead singer’s actions.

Three days later the band cancelled their remaining 29-city American tour, citing Followill’s “vocal issues and exhaustion,” though it had been long rumored that he struggled with a serious drinking problem. And his bandmate’s statement on Twitter that read “I can’t lie. There are problems in our band bigger than not drinking enough Gatorade” did not help quell suspicions. From PropertyCasualty360.com:

“If he is truly sick, he’ll probably need a doctor to medically diagnose him,” says Paul Bassman, president of Doodson Insurance brokerage, the U.S. arm of U.K.-based Doodson Broking Group.

Though this is the most recent case of event cancellation, it is most definitely not the only instance. Big-name artists such as Mariah Carey, Britney Spears and Billy Joel have cancelled all or some of their tours due to various excuses, whether true or false. And in June, Lloyd’s filed a lawsuit requesting to nullify a policy it had with promoters of Michael Jackson’s canceled comeback tour.

Taking steps to insure an event or tour is a smart move for artists and promoters, but a sometimes risky and costly one for insurers.

For more on concert and festival risk, check out the June issue of Risk Management.

When Working From Home Turns Deadly

Posted on by

Cathleen Renner had a desk job that resulted in an inactive lifestyle (I think most of us can relate). After 25 years with AT&T, however, the obese Renner died of a blood clot right there at her desk after a 10-hour work shift at her home office. Even more unusual, a New Jersey appellate court ruled that Renner’s husband was entitled to workers compensation benefits. How?

AT&T contended that Renner’s work was no more a threat to her health than her day-to-day lifestyle, the ruling states. The company also said many factors besides her work contributed to her death. A lawyer for AT&T did not return a message seeking comment. Dr. Leon Waller, who testified on behalf of the 47-year-old Renner, acknowledged the mother of three had other risk factors like obesity and the use of birth control pills, the ruling states. But Waller found that Renner’s clot developed while she was working.

The court found that although Renner led a sedentary life both inside and outside of work, evidence showed that her work inactivity was greater than her non-work inactivity.

This is a first of its kind for workers comp cases. But will it have an effect on on future workers comp cases of the same nature? “I could see another judge with those same factual circumstances deciding otherwise,” said Gerald Rotella, chairman of the workers’ compensation committee for the New Jersey State Bar Association.

Working from home has become popular in today’s workforce; it boosts employee morale, cuts down transportation costs and in some instances, increases employee productivity as a result of diminished distractions. But what happens when an employee takes on too much without the supervision of a manager? Though a lethal outcome is rare, other health risks could easily surface.

How do you keep an eye on those working from home?

Music Festivals: Almost Uninsurable

Posted on by

Music festivals are a summer tradition. As winter melts away and temperatures rise, many music lovers begin planning their trips, whether it’s Coachella in California or Bonnaroo Music & Arts Festival in Tennessee, music festivals around the U.S. (and abroad) attract hundreds of thousands of people annually. But they also attract a frightening amount of risk.

Here are just a few of the more recent tragic events at music festivals:

  • At Bonnaroo this past June, a 24-year-old man died of hyperthermia, a condition that occurs when the body becomes too hot and can’t cool itself, and 32-year-old woman was found dead in her tent. The reason for her death was not released.
  • At Electric Daisy Festival, a weekend-long rave, one man died after ingesting drugs and running into traffic and another died of a suspected drug overdose at a area hospital. Approximately 30 were treated at hospitals in the Dallas area for drug, alcohol and heat related problems during and after the June 18 to 19 event.
  • At the West Virginia-based All Good Festival, which wrapped up just a few days ago, one woman was killed in the campgrounds after a pickup truck ran over her tent as she and two friends were sleeping.

And let’s not forget last year’s German music festival, The Love Parade, where 19 people were killed and 340 injured in a massive stampede. Apparently, concert organizers underestimated attendance by several hundred thousand.

So how are insurance companies prepared to handle the mammoth risk that music festivals present each year? Check out the June cover story of Risk Management for more on the topic.