September 4, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
Renters outnumber homeowners in major US cities including New York, Los Angeles, Chicago and Houston; cities at high risk for natural disasters like hurricanes, earthquakes and severe winter weather. In Philadelphia, the number of renters is quickly approaching the number of homeowners. Yet, the Insurance Information Institute reports only 37% of renters have renters insurance, […]
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Risks Ahead. When the weather turns cold we spend more time at home. Homeowners Insurance.
October 9, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
Time spent indoors increases the risk of house fires. The National Fire Protection Association (NFPA) counts more than 360,000 home structure fires each year, resulting in $6-8 billion dollars in damage. Following are the eight most common causes of home fires, according to the NFPA: Candles Smoking Electrical and lighting Dryers and washing machines Lightning […]
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Vehicle Fleet Risks Ahead. Gender matters on the highway.
October 2, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
Young females have more auto crashes at intersections and collisions with pedestrians. Young males have more auto crashes after sunset than young females. Young females are more likely to be involved in auto crashes during weekdays. Young males are more likely to be involved in auto crashes during weekends. Young females are 66% more likely […]
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Risks Ahead. Homeowners can appeal an insurance cancellation or non-renewal to the Pennsylvania Insurance Department
September 25, 2015 / by KMRD Partners / Insurance Coverage, Risks Ahead Series / 0 comments
The Pennsylvania Insurance Department is available to help homeowners adhere to reasonable requests by insurers to make their properties safer and avoid possible cancellation or non-renewal of their homeowners’ coverage. According to a review of consumer complaints received by the Insurance Department, some consumers have had their homeowners’ insurance cancelled or non-renewed after not taking […]
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Risks Ahead. Is your firm covered for Employment Practices Liability?
September 18, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
The probability of a plaintiff receiving a favorable verdict in a jury trial involving an employment practices liability (EPL) claim exceeded 50% in 2012. The median jury verdict in a trial involving an EPL claim was $70,000; the mean verdict was $513,771. The amount of all verdicts in such cases ranged from $53 to $42.7 […]
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Risks Ahead. Americans are twice as likely to get food poisoning from food prepared at a restaurant than from food prepared at home
September 11, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
The Federal government estimates there are approximately 48 million cases of food-borne illness annually. Approximately 1 in 6 Americans get sick, 128,000 are hospitalized and 3,000 die of food-borne diseases. The very young, the elderly, and persons with weakened immune systems are at greatest risk of serious consequences from most food-borne illnesses. For more information […]
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Risks Ahead. Insurance coverage hasn’t kept up as renters outnumber homeowners in key markets
September 4, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
Renters outnumber homeowners in major US cities including New York, Los Angeles, Chicago and Houston; cities at high risk for natural disasters like hurricanes, earthquakes and severe winter weather. In Philadelphia, the number of renters is quickly approaching the number of homeowners. Yet, the Insurance Information Institute reports only 37% of renters have renters insurance, […]
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Risks Ahead. Age counts on highway and in Auto Insurance
August 28, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
According to statistics from the National Highway Traffic Safety Administration and the Insurance Institute for Highway Traffic Safety, the safest drivers are in the age group between 64 and 69 years old. Studies of the data reveal that teenage drivers — especially male teenage drivers — are the most dangerous drivers on the road. Young […]
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Risks Ahead. Safe behavior on the highway can also save money. Fleet Safety Programs are Important!
August 21, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
If ice or snow breaks free from a moving car and causes injury or property damage, Pennsylvania motorists can be fined $200 to $1,000. Distractions on the dashboard or in front of the windshield can lead to a $54 fine for New Jersey motorists. This can include air fresheners dangling from the rear view mirror. […]
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Risks Ahead. Business Interruption Coverage – Climate change has become big business.
August 6, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
According to Climate Change Business Journal, the climate change consulting market is valued at $1.9 billion worldwide. With more tornadoes than any other country in the world, nearly half this amount is spent in the US. Up to 60 people die in U.S. tornadoes each year. Up to 1,500 people are injured in U.S. tornadoes […]
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Risks Ahead. The potential results of incomplete auto insurance coverage.
July 31, 2015 / by KMRD Partners / Insurance Coverage, Risks Ahead Series / 0 comments
You should be prepared to pay for these 10 things if you have inadequate or incompletely negotiated Auto insurance coverage: Severe damage to others involved in a major accident Hail damage Damages caused by an underinsured driver (many insured drivers only carry state minimum limits) Damage from hitting an animal Damage from hitting a parking […]
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