Archive for January, 2015

Don’t get snowed in – best practices for winter weather threats

January 30, 2015 Leave a comment

snow_roofAs we continue to dig out from the Blizzard of 2015, it’s more important than ever to review risk management techniques for managing snow and ice buildup during the winter months. From collapsing roofs to freezing pipes and power outages, the consequences from severe ice and snow storms can lead to major disruptions. Thinking ahead is key, and organizations that ensure their facilities are properly equipped to handle winter storms will have the best chance of protection against property loss.

FM Global’s Winter Storm Protection guide discusses three major winter storm threats and how to reduce your vulnerability and exposure to them. Roof collapse from the accumulation of heavy snow, freeze ups that cause mechanical and electrical breakdowns and floods that stem from melting snow runoff are all serious problems that are often overlooked during the winter. Conduct regular facility inspections and develop an emergency response plan that addresses any and all issues that may affect business continuity. Emergency plans should also be clearly communicated and distributed to all staff and employees working at the property. Read more…

Study reveals Obamacare users no sicker than those on Commercial Group Products

January 28, 2015 Leave a comment

calc_moneyNewly published data reviewed by Reuters reveals that contrary to popular belief, Obamacare enrollees do not cost U.S. health insurers more than those with employer-sponsored insurance. Prior to the ACA’s launch, some insurers feared that individuals who purchased plans through Obamacare would be sicker than those covered by employer-sponsored group plans, be more likely to seek out costly specialists and to try to get the “most for their premium dollars.”

The analysis included thousands of 18-64 year olds with coverage under the exchanges who use ZocDoc, the free, online appointment-booking tool that’s now accessed by millions of members across the country. First year data showed that newly-insured members were scheduling PCP, women’s health and preventive care visits at a much higher percentage than commercially-covered members. Prior to Obamacare, preventive visits were likely a low-priority for the uninsured, but now that these services are free under the new law, more enrollees are taking advantage of their ability to access care. Read more…

TRIPRA vs. stand-alone policies: determining your best terrorism defense option

January 26, 2015 Leave a comment

stand_aloneFollowing TRIPRA’S reauthorization earlier this month, the federal backstop program is set to continue for the next six years. While the extension provides significant relief for buyers of terrorism insurance, it may also lead to a reduction of capacity due to an increase in insurer retention. As a result, stand-alone terrorism policies may be beneficial for businesses that need broader coverage not reliant on government backing. Stand-alone policies are often cost-effective, competitive and available on a worldwide basis. While every business has specific needs when it comes to their terrorism exposure, those that are subject to any of the risk areas below should consider purchasing a stand-alone terrorism policy. Read more…

Sitting less – the low cost wellness tactic

January 21, 2015 Leave a comment

standing_deskWe’ve all heard that ‘sitting is the new smoking’ and our lack of physical activity during the work week is one of the contributing factors to many Americans being overweight or obese. For most of us, we’re in a routine of sitting the majority of our day: at a desk, or in a cubicle during work, followed by the car or train on the commute home before heading over to the sofa to unwind once there. Our society is in the midst of an obesity crisis, affecting everything from medical costs to health insurance premiums, and in some cases making small adjustments to this daily routine can be part of the solution.
Read more…

ABPI sets new clinical trials standards; compensation regulations amended

January 15, 2015 Leave a comment

lab06The Association of the British Pharmaceutical Industry (ABPI) recently released updated guidelines for all UK clinical trials beginning January 1st, 2015. The standards consist of two main sections:

  • Phase 1 Clinical Trials Compensation Guidelines
  • Phase II, III and IV Clinical Trials Compensation Guidelines

Read more…

Disrupters: Flying in the face of regulations and risks

January 13, 2015 Leave a comment

fishThe shared economy continues to expand – from home rentals and personal drivers, to babysitting and cleaning jobs – this new breed of businesses are popping up all over, allowing customers to make simple online arrangements with service providers for a myriad of tasks. The premise behind the shared economy takes established business models and turns them on their head, and thanks to their unconventionality, these companies are “disrupting” major markets by luring consumers away from the more traditional forms of the same service. Entrepreneurs are launching their online companies via an app that can promise faster, cheaper and more accessible services, all while quietly avoiding many of the cumbersome insurance and regulatory laws that govern their traditional counterparts. Read more…

Sony breach airs PHI of dozens of employees

January 12, 2015 Leave a comment

While the release of scandalous celebrity emails made front-page news during Sony Corp’s data breach last month, the leakage of private employee information is far more damaging. Amidst the thousands of documents stolen from the company were the personal health records of more than three dozen employees and their children. Numerous emails and reports related to employees’ health were leaked during the attack, which exposed the personal information (salaries, social security numbers, home addresses, phone numbers, financial data, scans of passports and performance evaluations) of 47,000 current and former Sony employees. Included in the stolen health documents was a spreadsheet from the company’s HR department that listed the birth dates, gender, health condition and medical costs for 34 workers. Another file contained a list of personal details of one employee’s child with special needs, including reports about the child’s diagnosis, treatment and medical claims history. Read more…