July 25, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
In excess of 5,500 grill fires occur on residential property each year, according to the U.S. Fire Administration. These fires can spoil an otherwise lovely afternoon by causing an average $37 million in damages, 100 injuries and 10 deaths. In addition, thousands of people visit emergency rooms each year from burns suffered while barbecuing. Malfunctioning […]
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Risks Ahead…Be careful of grill fires
July 25, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
In excess of 5,500 grill fires occur on residential property each year, according to the U.S. Fire Administration. These fires can spoil an otherwise lovely afternoon by causing an average $37 million in damages, 100 injuries and 10 deaths. In addition, thousands of people visit emergency rooms each year from burns suffered while barbecuing. Malfunctioning […]
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Risks Ahead. As temperatures climb, so will the risk off premises power interruption.
July 21, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
By 2050, the average number of heat waves each summer in our area may grow from two to six. Heat waves will be longer, lasting five to six days each. During peak summer hours, wires and feeders around New York City carry almost twice the amount of wattage as they do on a winter day. […]
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Enterprise Risk Management. Risks Ahead. Improbable risks aren’t so improbable now.
July 17, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
According to PricewaterhouseCoopers, “Improbable risks aren’t so improbable now; they’re becoming the norm in a more uncertain world.” The number of man-made and natural disasters has tripled over the past 40 years. With the Internet now connecting from 10 billion to 15 billion devices, the ripple effects of a computer hack grow ever greater. From […]
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Risks Ahead. Did you know?… Catastrophe risk
July 9, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
“The frequency of catastrophic events appears to be increasing, with a record number of catastrophes last year,” according to Swiss Re’s chief economist. 1. A record 189 natural catastrophes were recorded in 2014. 2. The most costly insured catastrophe loss in 2014 came from lightning and hailstorms in the United States in May, resulting in […]
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Cyber Risk Ahead. Wi-Fi Warning
June 22, 2015 / by KMRD Partners / Risk Control, Risks Ahead Series / 0 comments
Wi-Fi hot spots can leave you, your colleagues your staff and your hard won information wide open to hackers. Once they penetrate your server, all of your information is vulnerable, making you liable for any damages a 3rd party may bring in a breach allegation. This makes transferring risk through cyber insurance a critical component […]
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Risks Ahead. Texting while driving creates a crash risk 23 times worse
January 27, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
The Virginia Tech Transportation Institute found that text messaging creates a crash risk 23 times worse than driving while not distracted. Yet, in an online survey of drivers in Erie, Pennsylvania, 30% of the respondents admitted to texting while driving. 75% reported observing others doing it. Following are other forms of distracted driving respondents reported […]
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Risks Ahead. Have you checked your Employment Practices Liability Coverage lately?
August 22, 2014 / by KMRD Partners / Risks Ahead Series / 0 comments
Have you checked your Employment Practices Liability Coverage lately? The average US-based business with at least 10 employees has a 1 in 8 chance of being accused of an employment liability charge, according to an employment practices litigation study released by Hiscox in April 2014. Wage and hour lawsuits in federal court have gone up […]
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