March 21, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
Quick Quiz: What do baby spinach, raw cashew pieces, barbecue sauce, fish batter mix, marzipan, ice cream, packaged salads, dried kiwi and mango and gourmet bread pudding have in common? These products, and more importantly the businesses which manufacture and distribute them, have all experienced market recalls since January 1. We are only 75 days […]
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Have you been re-mapped to a flood zone?
April 19, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
Pennsylvania Insurance Commissioner Teresa Miller issued a consumer alert earlier this month by which Pennsylvania homeowners can appeal their property’s placement in a flood zone by the federal government, which in many cases requires them to purchase flood insurance. Commissioner Miller said FEMA recently re-mapped most of the country using 100-year flood projections, resulting in […]
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Distracted driving can lead to reckless endangerment
April 13, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
On average, eight people lose their lives every day in the United States due to distracted driving. While mobile phone usage has been linked to distracted driving, these other activities can also significantly elevate risk: Eating and drinking Talking to passengers Grooming Reading, including maps Using a navigation system Watching a video Adjusting a radio, […]
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Certificates of Insurance Act
April 6, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
On April 10, the Certificates of Insurance Act will take effect in New Jersey. The provisions of this act will apply to all certificates of insurance issued in connection with property, operations or risks located in New Jersey, regardless of where the policyholder, insurer, insurance producer or person requesting or requiring the issuance of a […]
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Workers Compensation – Work Related Injuries
April 1, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
According to the U.S. Bureau of Labor Statistics and the National Academy of Social Insurance, these are the 10 leading causes of the most disabling work-related injuries: Overexertion involving outside source Falls on same level Falls to lower level Struck by object or equipment Other exertions or bodily reactions Roadway incidents involving motorized land vehicle […]
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New Flood Insurance Tool Available in Pennsylvania
March 30, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
With April showers on the way, it is worth noting although flood and sewer back-up is excluded under most standard commercial property policies, both coverages can be added by endorsement. Depending upon the flood zone identified on the property, coverage is available on a primary basis through a number of carriers. In instances where property […]
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Workers Compensation Jurisdiction
March 23, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
In the case of the jurisdiction of a Pennsylvania Workers Compensation claim, Watt v. WCAB (Boyd Brothers Transportation), the Commonwealth Court recently addressed the question of whether a Pennsylvania resident’s claim could be processed in Pennsylvania although he was injured in a different state. The court ruled against his claim. The Commonwealth Court applied the […]
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Food Product Recall Risk Transference
March 21, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
Quick Quiz: What do baby spinach, raw cashew pieces, barbecue sauce, fish batter mix, marzipan, ice cream, packaged salads, dried kiwi and mango and gourmet bread pudding have in common? These products, and more importantly the businesses which manufacture and distribute them, have all experienced market recalls since January 1. We are only 75 days […]
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Pennsylvania Workers Compensation loss cost rate decrease
March 8, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
The Pennsylvania Compensation Rating Bureau (PCRB) said the Pennsylvania Insurance Department has approved PCRB’s filing which calls for an overall average workers’ compensation loss cost decrease of 0.90% from existing loss costs. This is not a universal reduction but rather based on class codes. Some rates may remain constant. Pennsylvania Insurance Commissioner Teresa Miller approved […]
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ACA Shared Responsibility Provision
March 2, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
If your firm sent an offer letter indicating a separate stipend to cover the cost of purchasing insurance, according to the Affordable Care Act (“ACA”) you could face a $100 a day fine per employee. Even if you don’t have over 50 full time employees, the government might still consider you an Applicable Large Employer […]
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Better Loss Run Reporting Supports an Improved Total Cost of Risk
February 25, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
Just as a balance sheet will help you understand the financial strength and capabilities of your company, a good loss run report can guide your risk management program in developing risk management plans, tracking the results of risk management efforts, identifying problem areas and projecting costs. A basic loss run report offers only minimal information […]
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