LexisNexis Communities Insurance Law News

Risk Management Monitor Harvey Losses Could Reach $90 Billion With weeks to go before floodwaters recede in some parts of Texas, Hurricane Harvey—which delivered more than three feet of rain in areas of Houston—has so far caused at least 38 deaths and numerous injuries . Harvey was downgraded to a storm Wednesday night, but tens of thousands of people are still in shelters, some of which are also flooded, fearful of what they will find when they return to their homes. “Hurricane Harvey has already broken all U.S. records for tropical cyclone-driven extreme rainfall, with observed cumulative amounts of 51 inches,” Michael Young, RMS head of Americas climate risk modeling said in a statement. Joel N. Myers, founder, president and chairman of AccuWeather declared Hurricane Harvey to be, “The costliest and worst natural disaster in American history. AccuWeather has raised its estimate of the impact to the nation’s gross national product to $190 billion or a full one p...

Advids 20 Creative Video Content Marketing Examples Video is one of the most powerful means of distributing your message. When executed well, it is efficient and effective. As one of the fastest-growing and most in-demand forms of marketing out there, video marketing stands out as one thing all marketers should be using right now. It can not only boost your site’s SEO but can also help in customer retention through engaging, interesting and livelier content. In this article we look at 20 Creative Video Content Marketing examples that are on the spot. Watch these Creative Content Marketing examples to get ideas for promoting and marketing your own offering. Here we go : ScribbleLive Content Marketing Video Category: Content Marketing Platform Example ScribbleLive helps you create better and more effective content and can also help you operationalize your strategy, assign communication goals, and target personas to every individual piece of content. The content marketing ...

Advids 20 Creative Mobile App Trailers The most efficient technique for gathering valuable users is to show your app to the target audience through App Trailers. Mobile App Trailers have long proven their value as a powerful and compelling way to deliver interesting content and turn consumers into loyal fans. So it’s no surprise to find out that video advertising is doing the same for mobile marketers across the world. In this article we look at 20 amazing App Trailers that are on the spot. Watch these App Trailer video examples to get ideas for marketing your own offering. : Embark App Trailer Video Category : Travel App Trailer Example Embark is a global public transport app which helps people to get to their destination and also shows the best way to get there. Interact with the screens just by being near to them and go through the best content which you can save or share. The Embark mobile app trailer tells that it has become very easy to know the best and cheapest w...

Risk Management Monitor Hurricane Harvey Hits Texas with Up to $30 Billion in Damages Hurricane Harvey, which made landfall in Texas on Friday night as a Category 4 hurricane, has so far caused at least five deaths and more than a dozen injuries. Now a tropical storm, Harvey has dumped more than 30 inches of rain on the Houston area, with another 15 to 20 inches anticipated by Friday. According to the New York Times : With record floodwaters devastating much of southeast Texas, more than 450,000 people are likely to seek federal aid in recovering from  Harvey , the storm that has battered the Gulf Coast for days, Brock Long, the director of the  Federal Emergency Management Agency , said on Monday. The agency has estimated that about 30,000 people will seek emergency shelter, and that federal aid will be needed for years. The Houston region now looks like an  inland sea  dotted by islands, with floodwaters inundating roads, vehicles, and even bridges and buildings. Thousands...

Risk Management Monitor RIMS Survey Reveals Continued Confidence in Cyber Insurance Cyber insurance is still a priority for risk professionals and stand-alone policies continue to gain international prominence, according to the 2017 RIMS Cyber Survey . The survey’s 288 respondents represented industries ranging from financial services, government and non-profit and manufacturing to retail, health care and more. Based on survey insights it is clear that cyber exposure is a primary concern, with nearly half of respondents confirming they are spending more now than they did last year to protect against it. The most alarming elements of risk continue to include business interruption and its consequent expenses, reputational harm, and notification and response costs. In light of recent ransomware attacks, 72% indicated that cyber extortion is also an important and growing first-party exposure their organizations are facing—a 9% increase from 2016. Key findings from this year’s R...

Advids 20 Amazing Instructional Animation Video Examples Animated explainer videos have been growing in popularity over the last few years. They’ve proven to be a highly effective marketing tool for any kind of business. By using a marketing video you can reach out and tell your potential audience who you are, what you do and why you’re the best choice within your niche. In this article we look at 20 amazing Instructional Animation examples that are on the spot. Watch these videos to get ideas for marketing your own offering. Here we go : Bank of America Instructional Video The Mobile banking app allows you quick online access to Bank of America accounts. Your Mobile Banking activities are protected by industry-leading security features. This includes their Online and Mobile Banking Security Guarantee, footnotes which helps protect the customers against fraudulent Online and Mobile Banking transactions. The Instructional Animation Video denotes how Bank of Ameri...

Risk Management Monitor Manufacturers Vulnerable to Cyberrisk Manufacturing companies face a serious threat from cyber criminals. According to IBM’s latest intelligence index, theirs is now the second-most targeted sector, after attack numbers increased significantly year-on-year. This heightened risk is compounded by increased vulnerability: the connectivity that manufacturers have embraced to bring about greater operational efficiencies is accompanied by significant and largely uninsured exposures, such as physical damage arising from cyber incidents or loss of income due to stolen intellectual property. Part of the vulnerability lies in process control and supervisory control and data acquisition (SCADA) systems. Previously deemed impenetrable, due to their proprietary and highly customised networks, the convergence of these industrial control systems with enterprise infrastructure, particularly web services and ethernets, has created a potentially catastrophic risk. Such ...

Risk Management Monitor Eclipse Sheds Light On Western Wildfires Jones Fire-INCIWEB Just before American news reporters could excitingly begin covering the total solar eclipse from Oregon on Monday morning, they had to acknowledge the wildfire smoke caught by their cameras. “Wildfire Threatening the View” was one brief TV headline leading into the eclipse’s coverage. It was threatening a little more than that. At least 600 residents of Milli, Oregon were forced from their homes due to a mandatory evacuation starting on Aug. 18. The Milli fire began Aug. 15 and has since burned nearly 7,000 acres just nine miles west of Sisters, a town in the path of the total solar eclipse, according to Central Fire Info . Thanks to the once-in-a-lifetime event, the growing hazard received some much-needed national attention. According to the National Interagency Fire Center , there are currently 43 active wildfires burning in the U.S., mostly in western states. With a growing number of r...

Risk Management Monitor Workplace Safety Tips for the Total Solar Eclipse On August 21st, a total solar eclipse will be visible from North America for the first time in nearly 40 years. Many employers across the country will host viewing parties or may allow employees to take an extra break to observe the phenomenon, while those who employ outdoor workers can expect employees to have a front-row seat for the big event. It is important to remember that such eclipses can expose workers to safety and worksite hazards, however. For example, outdoor workers should be sure to turn off any equipment or machinery before sun-gazing. So what further information can employers pass on to reduce the risk of worksite and on-the-job injuries? NASA’s Total Solar Eclipse safety page suggests the following: Never look directly at the sun. If you are within the path of totality, remove your solar filter only when the moon completely covers the sun’s bright face and it suddenly gets quite dar...

Risk Management Monitor A New Approach to Managing a ‘Classic’ Reputation A new Coca-Cola-sponsored contest seems to publicly acknowledge its reputational risk, but at a minimal cost that could manage or even reduce it. In early August, the beverage giant announced its Sweetener Challenge , seeking non-employees (preferably scientists or agriculture or nutrition professionals) who can bring the company a “natural, safe, reduced, low- or no-calorie compound that generates the taste sensation of sugar when used in beverages and foods.” The winner will be announced in Fall 2018 and will receive $1 million. Taxes on soda , the decline of its consumption , and mounting data that sours on sugar has unquestionably affected the bottom line for the company and put pressure on the broader beverage industry. By initiating the contest, Coke seems willing to try a fresh approach to manage or favorably alter its reputation as a brand founded on sugary cola, while simultaneously attractin...

Risk Management Monitor Tips for Managing a Hurricane Claim Despite early predictions of a mild 2017 Atlantic hurricane season, the latest forecasts reflect the likelihood of more named storms than originally anticipated. If that is not ample motivation for risk managers to double-check their hurricane preparation, then the reality that it only takes one major storm to generate a widespread disaster should be sufficient to warrant a review of their claims preparation. This process will not only help spot potential gaps in your insurance, but also any issues in your planning that may affect the amount and delay the timing of a claim recovery. Based on recent experience, here are some tips for hurricane claims preparation and management. Conduct a thorough review of your property insurance . Start by checking your deductible. After a loss, the first question risk managers often get from leadership is: “What’s our retention?” You also need to see if your policy has a blanket o...

Risk Management Monitor Oroville Dam Flood Claims Filed Concrete continues to be placed on the lower chute of the Lake Oroville flood control spillway in Butte County, California. Photo taken Aug. 7, 2017, by Dale Kolke/California Department of Water Resources. California residents in the path of water spilled from the Oroville dam in February had until Aug. 11, six months after the incident, to file claims. The Mercury News reported that Butte County farmer George Onyett, manager of J.E.M. Farms and Chandon Ranch, filed a $15 million claim, saying that after the flooding in February, about 25 acres of walnut trees were washed away by the Feather River. He said that 1% to 2% of the trees in his walnut orchard were lost and that his land is now “irrecoverable.” Because of the near-collapse of the Oroville Dam in northern California , communities as far as 100 miles downstream were at risk of flooding. Problems at the dam began when its main water channel, or sluice, was da...

Risk Management Monitor Can You Have Too Many Coffee Shops? The collective mood among Starbucks (SBUX) shareholders may have been dark and intense on Wednesday, following a 1% downgrade of the coffee company’s share price by BMO Capital Markets due to “store overlap.” BMO analyst Andrew Strelzik wrote: “There are now 3.6 Starbucks locations within a one-mile radius of the typical Starbucks in the U.S. relative to 3.3 and 3.2 stores in 2014 and 2012 respectively.” That statistic does not factor in competitors, and implies that too many franchise cafes are located too closely together and are fighting for the same $2 per tall coffee. The warning signs of overlap were acknowledged and dismissed by Starbucks CEO Howard Schultz in 2010, when he told the Harvard Business Review : “We’re not nearly close to saturation in North America, despite what the cynics or pundits might say…” At the time of that interview, Starbucks total store numbers neared 17,000 and by the en...

Advids 20 Student Management & Information System Video Marketing Examples One needs a modern and a comprehensive technology solution to power institutional growth, boost student success and improve institutional effectiveness. Success in each area is important. Student Management Systems provide a superior user experience for your students and staff, combined with workflow support tools that liberate your administrative and IT staff for higher-value functions. It helps update strategies and processes quickly and easily without expensive IT intervention, lowering your cost. It is quicker and easier to implement, so your resources go towards institutional excellence and not systems upkeep. In this article we look at 20 Student Management System Video Marketing examples that are on the spot. Watch these videos to get ideas for marketing your own offering. Here we go : Unit4 Student Management System Video Unit4 Student Management is a next-generation student information...