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Video: Telehealth Industry Update
During this webinar, our own Karl Olson provided updates on the telehealth industry and its impact on the Healthcare Insurance Industry. Watch a highlight from the discussion below. https://vimeo.com/925430168/fff70592ee?share=copy
Webinar: Telehealth & The Healthcare Insurance Industry
During this webinar, our experts gathered for a discussion on how telehealth has impacted healthcare over the last few years and how the medical professional liability market has changed to address it. Watch as they explore the current challenges and provide tips for brokers and agents on how to be successful in providing solutions for their clients. https://vimeo.com/923704547/66c21256f4
Iowa Nursing Home Fined After Repeated Violations for Care Issues
Medication errors, theft from residents, failure to treat pressure sores and other hazards are among the claims being made against a nursing home in Mount Pleasant, Iowa, as it faces $49,000 in possible fines for 20 state and federal violations. According to reports, the 62-bed Arbor Court nursing home has had repeated violations over the past 21 months, including 66…
Property & Casualty Report: Q2/Q3 2023
The title of this quarter’s overview and forecast could easily be: “Profitability Matters.” That is especially true in the Property space for both Personal and Commercial policies. The industry faces daily challenges from CAT storms and events, making every state subject to immediate loss from hurricanes, wildfires, and convective storms—defined as severe local storms associated with wind, thunder, lightning, heavy…
P&C Market Outlook: Q3 2023
During this webinar, our experts gathered for an outlook into Q3, including high-level market overviews and insights. https://vimeo.com/845283560/f772266f72?share=copy
Data Insecurity: Hospital Imposter, School Cyberattacks Highlight Vulnerabilities
Global cyberattacks grew 38% between 2021 and 2022, and experts believe the risk will only continue to escalate. In the news, a steady stream of reports detail the myriad ways that sensitive data can be exposed — and show that the risk can come from outside an organization or within it. Earlier this month, Kris 6 News reported that a…
Health System Pays $1.25 Million in HIPAA Settlement Over 2016 Data Breach
More than six years after a data breach that disclosed 2.81 million patients’ protected health information, Banner Health has agreed to pay $1.25 million to the U.S. government to settle potential violations of the Health Insurance Portability and Accountability Act (HIPAA), Campus Safety Magazine recently reported. The Arizona-based healthcare system also agreed to implement changes to better protect patient information.…
Top 3: Cybersecurity Awareness Intel
Below we highlight the top 3 trending Cybersecurity Awareness-related intel topics. 1. Trending News Attesting to MFAs, Security Protocols a Key Part of Cyber Protection The necessity for companies to have data security practices in place in order to secure cyber coverage is crucial to managing risk, our experts advise. As…
Attesting to MFAs, Security Protocols a Key Part of Cyber Protection
A major insurance carrier is attempting to rescind a cyber policy based on the client’s alleged misrepresentation of its digital security protocols. According to reports, Travelers recently sought a ruling in the U.S. District Court for the Central District of Illinois to rescind its Cyber and Privacy Liability Insurance policy with Illinois-based International Control Services because the company was not…
College Soccer Player Awarded $111 Million After Injury, Missed Diagnosis
Over $111 million in damages was recently awarded to a man who was reportedly left with \"catastrophic\" damage to his left leg after a surgery for a fracture he suffered while playing soccer in 2017. Anuj Thapa was 19 years old and a first-year student at St. Cloud State University when the accident occurred, sending him by ambulance to a…
Property & Casualty Report: Q1 2022 Market Overview & Q2 Forecast
As we enter the long-awaited season of Spring which conjures up thoughts of new beginnings, I draw parallels to the Excess & Surplus (E&S) Insurance industry. Several years of disciplined underwriting, including increased rates, adjusted limit deployment, and careful tweaking of policy language, coupled with a tamping of COVID-19 restrictions is resulting in this renewed sense of optimism. Carriers are…
Historic Labor Shortage Creates ‘Brutal’ Situation in Nursing Homes
A historic labor shortage is continuing to challenge long-term care facilities, where workers are dealing with high levels of burnout, reduced one-on-one time with patients and other strains, a recent NPR report detailed. The conditions are “brutal,” the president of the largest nonprofit senior housing provider in the U.S. told NPR, and researchers are warning that the situation could have…
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