<![CDATA[Articles]]> https://www.risk-strategies.com/ en info@risk-strategies.com Copyright 2018 2018-03-20T13:37:50-04:00 <![CDATA[M&A: The need for speed matched with evolving insurance product]]> https://risk-strategies.com/knowledge-center/article/ma-the-need-for-speed-matched-with-evolving-insurance-product#When:13:48:14Z Mergers and acquisitions are heating up – and competition is fierce. With the uptick in activity, private equity firms are increasingly seeking out Representations and Warranties Insurance. In the past five years, the world of transactional insurance has seen a record high demand for this popular coverage. Why? Because with increased competition comes increased speed to closing.

Think of it like the real estate market: with competition high, buyers need to act quickly. When acting quickly, important details can be forgotten or overlooked. The intent of this innovative product is to protect a buyer from financial loss suffered due to…]]> 2018-02-13T13:48:14+00:00 <![CDATA[The Changing Healthcare Landscape]]> https://risk-strategies.com/knowledge-center/article/the-changing-healthcare-landscape#When:12:59:04Z CVS to Buy Aetna for $69 Billion in a Deal That May Reshape the Health Industry - The New York Times

Amazon, Berkshire Hathaway and JPMorgan Team Up to Try to Disrupt Healthcare - The New York Times

The changing healthcare landscape is dominating today’s headlines, making disruption seem like a new phenomenon. But the truth is that the tides of change have been coming for a long time. People are frustrated with the current system – employees and employers alike.

It may have struck you as outrageous that a national drugstore chain was stepping in to purchase America’s third…]]> 2018-02-13T12:59:04+00:00 <![CDATA[A peek into the back room]]> https://risk-strategies.com/knowledge-center/article/a-peek-into-the-back-room#When:12:53:16Z When we talk with clients and prospects about their benefits program, there’s an understandably large percentage of the conversation that revolves around managing escalating costs. That line of discussion, in turn, typically brings the conversation around to employee impact and ensuring the benefits provided are actually beneficial. We’re talking about people’s health and wellbeing, after all.

So it’s perhaps a bit unnerving, if not wholly unsurprising, that the country’s third largest health insurer seems to make its benefit payment decisions with a bit less considered deliberation.

Over the weekend, CNN reported that it had obtained testimony given under…]]> 2018-02-13T12:53:16+00:00 <![CDATA[Insurance & Independent Contractors—Proceed with Caution!]]> https://risk-strategies.com/knowledge-center/article/insurance-independent-contractors-proceed-with-caution#When:22:45:43Z Since the advent of the Internet, today’s generation of buyers desires immediate gratification when it comes to their purchases. Companies such as Amazon, Zaps, eBay, and even Wal-Mart have all taken notice and have started test marketing same-day deliveries. As this increasingly becomes the preferred method of doing business, there is a growing trend of Independent "Owners"/Contractors attempting to strike out on their own for their chance at financial independence. However, with every good opportunity comes risk, and the following article provides some need-to-know information as it relates to insurance, the Independent Contractor, and the companies who may utilize them. 2018-01-05T22:45:43+00:00 <![CDATA[Fraud Alert Tip Sheet]]> https://risk-strategies.com/knowledge-center/article/fraud-alert-tip-sheet#When:20:52:20Z 1. Monday Morning Mess: Watch for alleged injuries that occur first thing on Monday morning. Or ones that happen late on a Friday afternoon but are not reported until Monday.

2. Employment Epiphany: Watch out when the reported accident occurs immediately before or after a job termination, layoff, end of a big contract, or at the conclusion of seasonal work.

3. Suspicious/Same Service-Providers: Watch for medical providers and/or legal consultants with a history of handling suspicious claims, or situations where groups of claimants use the same doctors or lawyers.

4. Where are the Witnesses? Watch out when the accident has…]]> 2018-01-04T20:52:20+00:00 <![CDATA[The ABC’s Of Your Courier Insurance Policy]]> https://risk-strategies.com/knowledge-center/article/the-abcs-of-you-courier-insurance-policy#When:20:37:37Z If your insurance program feels foreign to you, you're not alone. There's nothing tangible to handle, and it's hard to get a "feel" for loss control because more often than not it's less than user-friendly and difficult to understand. This guide will help you understand your insurance by explaining common concepts and categories that make up the foundation of many types of policies.

Insurance is a key component of your same day courier operation. Protecting you against risk allows you to invest in your company and expand your customer base while upholding the promise to protect against financial harm.

Time-sensitive…]]> 2018-01-04T20:37:37+00:00 <![CDATA[Terrorism and Commercial Vehicles]]> https://risk-strategies.com/knowledge-center/article/terrorism-and-commercial-vehicles#When:20:26:05Z SOURCE: Transportation Security Administration / U.S. Department of Homeland Security


Commercial vehicles—distinguished by their large size, weight and carrying capacity—present an especially attractive mechanism for vehicle ramming attacks because of the ease with which they can penetrate security barriers and the large-scale damage they can inflict on people and infrastructures. Furthermore, commercial trucks and buses are plentiful and routinely arouse no suspicion because of the exceptional access they have to structures and activity centers.

Commercial vehicles may be obtained for terrorist activity in a variety of ways, including:

  • Insider threat – authorized…]]> 2018-01-04T20:26:05+00:00 <![CDATA[Too good to be true? Insurance for IC Misclassification Risk]]> https://risk-strategies.com/knowledge-center/article/too-good-to-be-true-insurance-for-ic-misclassification-risk-unveiled-but-will-it-deliver#When:19:49:42Z For a generation now, few issues have preoccupied the courier industry as deeply or consistently as Independent Contractor misclassification. Although the industry has relied heavily on an “IC model” since its beginnings, the practice has been continually under siege by government regulators, plaintiff’s attorneys, and others. Like the proverbial Dutch boy and the dike, every time the industry manages to plug up a challenge spouting from one direction, a new leak appears elsewhere.

    Sometimes it’s been the feds (IRS and DOL) leading the charge. Other times individual states (California, Colorado, Illinois, Massachusetts, New York, North Carolina, Oregon, etc.) Waves of class…]]> 2018-01-04T19:49:42+00:00 <![CDATA[The Keys To Better Loss Control]]> https://risk-strategies.com/knowledge-center/article/your-keys-to-better-loss-control#When:19:38:45Z  The secrets to effective Loss Control are simply the three C's:

    • Commitment
    • Customize
    • Create a Calendar

    The devil, of course, is in the details, but as we shall discover loss control demands neither advanced degrees nor workaholics!

    Demonstrate Commitment

    It's easy to pay lip service to this principle and move on, but unless our personnel sees concrete evidence of commitment from the top, your efforts will likely fall short. Brightstone Insurance Services has developed the following criteria for judging management commitment, which we will call the Five P's:

    • Does top management participate?
    • Are strategies published in writing?
    • …]]> 2018-01-04T19:38:45+00:00 <![CDATA[Opt Out]]> https://risk-strategies.com/knowledge-center/article/opt-out#When:19:34:43Z A ruling by the Oklahoma Workers' Compensation Court undercutting so-called “opt-out” systems set off a flurry of speculation about such systems, including whether this ruling signals the beginning of their end.

      In my opinion, the short answer is: no. While this particular ruling turned on some rather arcane details, there is a simpler reason why it is highly unlikely these less worker-friendly alternatives to traditional workers compensation will be discarded, or the push into other states to be halted.

      It’s about the money.

      The 100-year old “no-fault” system is a grand bargain; workers trade their right to sue for on-the-job…]]> 2018-01-04T19:34:43+00:00