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What is the difference between a Cyber Liability Policy And a Technology Errors and Omissions policy? Thanks

There was a recent article posted in one of the various groups to which I subscribe that discussed the impact the internet has had on the insurance industry. Does anyone here see an increase or decrease in the amount of business they have developed from internet technology? Is so, would you share any specific instances? Has CompleteMarkets helped? Where do you see the bulk of you revenue coming from? Do you see anything new in our industry that is changing the way you do business? From the responses I received recently to an internet poll conducted many of you prefer to use a number of different marketing methods, traditional and non-traditional. What are your thoughts? Jason Johnson, Marketing Coordinator INSOMIS Corp. http://www.completemarkets.com/JasonJohnson/ Ph: (909) 547-6212 x5323 | Fax: (909) 547-6216 | Email: [email protected] TransformerMarketing.com | CompleteMarkets.com | IMMS.com ®3 - ®evenues, ®etention & ®eferrals

The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Piping Technology and Products Inc. in Houston for four repeat and three serious violations after a worker was injured in June from being struck by a broken die piece on a mechanical press. The repeat violations were cited for failing to guard punch presses and band saws, provide lockout/tagout training regarding energized sources and conduct an annual review of lockout/tagout procedures. The serious violations were cited for a failing to secure a fuel gas cylinder, use undamaged slings for lifting and moving equipment and provide strain relief for electrical wiring. A repeat violation is when an employer has been previously cited for the same or a similar violation of a standard, regulation, rule or order at any other facility in federal enforcement states within the last five years. This particular company was previously cited for similar violations in 2011. A serious violation is when there is substantial probability that death or serious physical harm could result from a hazard about which the employer knew or should have known. Do you feel this company should have spent more time making sure their employees work environment was safe? For the whole story go Here

Okahoma has a new workers compensation law that is causing a lot of turmoil. Among other things, the law changes Oklahoma’s court-based system to an administrative one. The supporters say the change will dramatically reduce workers’ compensation costs to businesses, but opponents have said any cost savings will come at the expense of injured workers. Those oppose have said that this law violates the state Constitution in several ways and should be struck down. The new law was challenged in a lawsuit filed in September. Oklahoma City attorney John McMurry said the lawsuit is not an attack on the Legislation’s attempt to transform Oklahoma’s workers’ compensation system into an administrative system. Instead the lawsuit attacks Provisions of the law that would unconstitutionally delay an injured worker’s access to the state’s court to seek compensation. This would allow employers to “opt-out” of the administrative system and create their own benefit plan for injured workers. What do you think of the new workers compensation law that has caused so much discussion in Oklahoma? For the whole story go Here

According to the United States Geological Survey there are more than 3 million earthquakes each year. Many of these earthquakes are too weak to notice, however at least a handful occur in populated areas and cause destruction and death. For example one of the most powerful recorded earthquakes occurred in Indonesia in 2004, with a magnitude of 9.0. It caused a powerful tsunami that devastated 12 Asian countries. A week after the estimated death toll was at 150,000, this was doubled within a month, and because of the massive devastation it is possible we may never know the total number of lives lost. Entire towns were completely destroyed, and millions of people lost their homes. We are unsure of when, where an earthquake will hit and how big it will be. Just this weekend in South Carolina and Georgia there was a 4.1 magnitude, luckily there were no immediate reports of injury or damage. This is why it is important to be properly covered. Do you know if your home is up to code for earthquake, Or if you are properly coved for them? Do you think there should be more laws on building codes for earthquake safety?

As the housing market improves, buyers can, once again get a low down payment mortgage with as little as 3.5% down. Traditionally a 20% down payment is required for a mortgage. It is virtually impossible for people who are paying rent each month to save up enough for a 20% down payment. For potential homebuyers these lower down payments are a good thing for many people. Depending on your lender and your financial history (especially your credit scores), a lower down payment may mean a higher interest rate. A half percent interest rate can make a difference of nearly $25,000 over 30 years! Anytime you put less than 20% down on you home (except with some specialized loan programs; you will have to pay what’s called private mortgage insurance. This insurance goes to a third party, and basically guarantees the Leander that if you default on your loan, the lender will get their money back out of the investment. If you get private mortgage insurance it will cost you anywhere from $50 a month to more than $100, this will be added to your mortgage payments. Do you think Private Mortgage Insurance is worth the extra cost?

Monday the US government took steps toward opening the skies to aerial drones. They have authorized six sites, in Alaska, New York, North Dakota, Texas, North Carolina, and Virginia, where unmanned aircraft will be tested for a variety of uses. This decision will be giving companies, universities and others a place to test much broader uses, such as crop spraying, catching exotic animal’s poachers or delivering packages. Drones are also popular with law enforcement because they are smaller and less costly alternatives to manned aircraft. The drones do come with some concern, such as privacy issues. Some are concerned this will be another way the government can monitor you. Though Operators of the new FAA test sites are required to develop a written privacy policy, and to address to safety concerns, but it is not clear whether the policies will protect privacy. How do you feel about the drones? Do you think they will prove to be a problem with privacy? Or do you think it is just the next step toward the future? How do you see this affecting insurance?