February 15, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
State Farm has reported damage caused by a pothole can generate an average of between $300-$700 in vehicle repairs. Pothole damage will only be covered by collision insurance, which usually carries a $250 – $1,000 deductible. Because a pothole-damage reimbursement claim falls under collision insurance, it may result in an increased insurance rate. These […]
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Recovery Begins After Disaster Strikes
June 1, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
There is no textbook disaster, and yet… Every disaster is different. The gulf oil spill has been different than Katrina, just as the wild fires that recently scorched California’s Riverside County were different than the gulf oil spill. And yet, each successful disaster recovery exhibits many of the same attributes. Effective management Every successful recovery […]
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Get up to 20% off your cyber insurance premium
May 28, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
Slightly more than 50% of risk managers now purchase stand-alone cyber insurance policies, according to a survey by the Risk & Insurance Management Society. 74% of those without cyber coverage are considering obtaining it within the next 12-24 months. Respondents reported the top three first-party cyber exposures: Reputational harm Business interruption Data breach response and […]
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Beware The Dyre Wolf. Cyber Criminals
May 15, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
With recent worry about coyotes roaming New York City and New Jersey streets, a wolf problem has gone pretty much unnoticed. According to Reuters, IBM has uncovered a sophisticated fraud scheme dubbed “The Dyre Wolf” and run by a well-funded Eastern European gang of cyber criminals that uses a combination of phishing, malware and phone […]
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15,435 internet vulnerabilities identified in 2014 – No April Fool’s Joke Here!
April 1, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
According to IT security solutions provider Secunia, a total of 15,435 vulnerabilities were identified in 2014 in 3,870 applications from 500 vendors. This represents an 18% increase compared to the previous year, and a 55% increase over five years. Of the total number of flaws detected last year, 11% were rated “highly critical.” 18 products […]
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Auto liability and collision claims costs are rising
March 29, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
At our website www.oneminutefromnormal.com we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? According to the National Highway Traffic Safety Administration, U.S. motor vehicle crashes in 2012 cost an estimated $1 trillion ($1,000,000,000,000) in terms of loss of productivity and loss of life. An […]
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Can You Be Sued If Your Employee Texts Someone Who is Driving?
March 27, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
In New Jersey, sending a text to someone you know will view it while driving can potentially result in civil penalties. In a recent case, Judge Victor Ashrafi of the New Jersey Appeals Court wrote the following for the majority: “We hold that, when a texter knows or has special reason to know that the […]
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The lingering costs of a DUI
March 17, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
A St. Patrick’s Day celebration can get expensive if you overdo the celebration and are one minute from normal. In Pennsylvania, as in many states, the fine for a DUI citation is exceeded by the jump in car insurance premiums. If you are a first-time offender with a blood alcohol level of less than 0.10% […]
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Reverse Rate Evasion…New Jersey Act A-2281/S-1737 signed into law
March 16, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
Governor Chris Christie of New Jersey has signed into law Act A-2281/S-1727, which identifies so-called reverse rate evasion as a form of insurance fraud and provides for civil and criminal penalties.The act targets residents who fraudulently obtain auto insurance in another state with lower rates, even though New Jersey is their principal residence or they […]
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New proposed FLSA regulations could be disruptive
March 10, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
Proposed regulations for new white-collar exemptions to the Fair Labor Standards Act (“FLSA”) expected last month are still pending. These proposed regulations will change the test for exempt and non-exempt classifications for professional, administrative and executive employees. Because proposed changes will have a potentially disruptive effect on business operations, employers should take the following steps […]
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Pothole season survival tips
February 15, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
State Farm has reported damage caused by a pothole can generate an average of between $300-$700 in vehicle repairs. Pothole damage will only be covered by collision insurance, which usually carries a $250 – $1,000 deductible. Because a pothole-damage reimbursement claim falls under collision insurance, it may result in an increased insurance rate. These […]
Read more