National Insurance

Statement from Brian Sarisky, Senior Vice President, Chief Underwriting Officer, Commercial Lines, Selective Insurance, on Insurance Awareness Day and Coverage for Small Businesses

Retrieved on: 
Monday, June 27, 2022

BRANCHVILLE, N.J., June 27, 2022 /PRNewswire/ -- June 28 is National Insurance Awareness Day, an ideal time for business owners to review their insurance policies and ensure they provide appropriate protection. For many small business owners, their business offers more than just a livelihood for themselves and their employees – it also represents their dedication and passions. Protecting it from unexpected loss is critical.

Key Points: 
  • Of those that do, the study also found that almost half (49%) do not completely understand what their business insurance policy covers.
  • There's no better time than the present for business owners to ensure they have the right coverage for their unique business.
  • BRANCHVILLE, N.J., June 27, 2022 /PRNewswire/ -- June 28 is National Insurance Awareness Day, an ideal time for business owners to review their insurance policies and ensure they provide appropriate protection.
  • A study by Selective Insurance and The Harris Poll found that two in five business owners (38%) don't fully understand their insurance coverage.

Insurance Awareness Day: Foster Swift Highlights Importance of Reviewing Your Coverages

Retrieved on: 
Monday, June 27, 2022

Certainly, we may be aware that we have insurance, but we sometimes forget to assess whether we have the right insurance to cover our business.

Key Points: 
  • Certainly, we may be aware that we have insurance, but we sometimes forget to assess whether we have the right insurance to cover our business.
  • National Insurance Awareness Day offers an annual reminder to review, understand, and update our policies since the passage of time can bring greater or different needs.
  • Foster Swift has provided information on these coverages: Cyber Insurance: Is it right for you?
  • Evaluating insurance coverage and avoiding coverage disputes makes good business sense on National Insurance Awareness Day and every day.

Knightscope K1 Autonomous Security Robot (ASR) Deployed in Southern California

Retrieved on: 
Thursday, June 2, 2022

[Nasdaq: KSCP], a developer of advanced physical security technologies focused on enhancing U.S. security operations, announced today that a popular eCommerce company providing subscriptions for product and brand discovery now has a fully operational K1 Autonomous Security Robot (ASR) at their manufacturing/distribution center to improve safety and security at employee entrances of this 20-acre property.

Key Points: 
  • [Nasdaq: KSCP], a developer of advanced physical security technologies focused on enhancing U.S. security operations, announced today that a popular eCommerce company providing subscriptions for product and brand discovery now has a fully operational K1 Autonomous Security Robot (ASR) at their manufacturing/distribution center to improve safety and security at employee entrances of this 20-acre property.
  • This client selected Knightscopes technologies to stay one step ahead of being a statistic.
  • View the full release here: https://www.businesswire.com/news/home/20220602005829/en/
    Knightscope K1 Autonomous Security Robot (ASR) Deployed in Southern California (Photo: Business Wire)
    Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report.
  • Knightscopes long-term ambition is to make the United States of America the safest country in the world.

FLORIDA CHIEF FINANCIAL OFFICER PARTNERS WITH NATIONAL INSURANCE CRIME BUREAU TO COMBAT RAMPANT CONTRACTOR FRAUD

Retrieved on: 
Tuesday, May 24, 2022

DES PLAINES, Ill., May 24, 2022 /PRNewswire/ -- The National Insurance Crime Bureau (NICB), the insurance industry's association dedicated to predicting, preventing, and prosecuting insurance crime, is excited to announce that Florida's Chief Financial Officer Jimmy Patronis has signed a proclamation declaring May 23-27, 2022 as Contractor Fraud Awareness Week in the state.

Key Points: 
  • DES PLAINES, Ill., May 24, 2022 /PRNewswire/ --The National Insurance Crime Bureau (NICB) , the insurance industry's association dedicated to predicting, preventing, and prosecuting insurance crime, is excited to announce that Florida's Chief Financial Officer Jimmy Patronis has signed a proclamation declaring May 23-27, 2022 as Contractor Fraud Awareness Week in the state.
  • "Contractor fraud costs homeowners and insurance companies billions of dollars each year as deceitful contractors follow well-rehearsed scams.
  • "Since day one, I've made it my priority to combat fraud and protect Florida consumers.
  • "On behalf of the National Insurance Crime Bureau, I would like to thank CFO Patronis for his unwavering support and understanding of insurance fraud.

NICB PARTNERS WITH MARYLAND GOVERNOR HOGAN ON POST-DISASTER FRAUD PROCLAMATION

Retrieved on: 
Monday, May 23, 2022

DES PLAINES, Ill., May 23, 2022 /PRNewswire/ -- The National Insurance Crime Bureau (NICB), the insurance industry's association dedicated to predicting, preventing, and prosecuting insurance crime, is excited to announce that Maryland Governor Larry Hogan has signed a Gubernatorial Proclamation declaring May 23-27, 2022 as Contractor Fraud Awareness Week in the state.

Key Points: 
  • The NICB announces that Maryland Governor Hogan has declared May 23-27 as Contractor Fraud Awareness Week.
  • "The proclamation signed by Governor Hogan is not only an honor for NICB, but serves as a reminder that post-disaster contractor fraud is something we all need to understand better to combat," said David J. Glawe, president and CEO of the NICB.
  • With this Proclamation, we can bring greater awareness to post-disaster fraud and what Marylanders can do so they don't end up being victimized twice."
  • "On behalf of the National Insurance Crime Bureau, I would like to thank Governor Hogan, Insurance Commissioner Birrane, and Secretary of Labor Robinson for their support and understanding of insurance fraud.

NICB PARTNERS WITH GOVERNOR KEMP, COMMISSIONER KING ON POST-DISASTER FRAUD PROCLAMATION

Retrieved on: 
Wednesday, May 18, 2022

DES PLAINES, Ill., May 18, 2022 /PRNewswire/ -- The National Insurance Crime Bureau (NICB), the insurance industry's association dedicated to predicting, preventing, and prosecuting insurance crime, is excited to announce that Georgia Governor Brian Kemp has signed a Gubernatorial Proclamation declaring May 23-27, 2022 as Contractor Fraud Awareness Week in the state.

Key Points: 
  • By signing this Proclamation, we can bring greater awareness to post-disaster fraud and what Georgians can do so they don't end up being victimized twice."
  • "As a former Chief of Police, I'm unfortunately all too familiar with bad actors preying on homeowners after a natural disaster," said Commissioner King.
  • Governor Kemp and I are proud to partner with the NICB to spread awareness about contractor fraud to help Georgians protect themselves at their most vulnerable."
  • "On behalf of the National Insurance Crime Bureau, I would like to thank Governor Kemp and Insurance and Safety Fire Commissioner King for their unwavering support and understanding of insurance fraud.

NICB: INSURANCE FRAUD ADDS BILLIONS OF DOLLARS TO INSURER PAYOUTS AFTER DISASTERS

Retrieved on: 
Tuesday, May 17, 2022

DES PLAINES, Ill., May 17, 2022 /PRNewswire/ -- According to the National Insurance Crime Bureau (NICB), property and casualty insurers paid $4.6 billion to $9.2 billion extra in disaster claims due to insurance fraud in 2021, a cost policyholders bear through their insurance premiums. During NICB's second annual Contractor Fraud Awareness Week May 23 – 27, NICB will educate on how to identify and avoid unscrupulous contractors.

Key Points: 
  • Unfortunately, disasters can also attract predatory contractors looking to defraud and deceive disaster victims," said David Glawe, president and CEO of the NICB.
  • "After most disasters, these shameful contractors use well-rehearsed, predatory practices to exploit stressed disaster victims when they are most vulnerable.
  • The NICB estimates disaster fraud adds 5-to-10 percent to the total claims paid following a disaster.
  • For more information on avoiding contractor fraud or to become a partner of NICB's second annual Contractor Fraud Awareness Week, visit www.nicb.org .

NYACT Partners With New York State Agencies to Combat Surge of Catalytic Converter Thefts

Retrieved on: 
Friday, May 6, 2022

A new process allows auto dealers to etch a traceable serial number onto the catalytic converter .

Key Points: 
  • A new process allows auto dealers to etch a traceable serial number onto the catalytic converter .
  • "The sharp increase in the number of catalytic converters being stolen across the country has police and legislators searching for a way to curb the thefts.
  • Catalytic converters are attached to vehicle mufflers and use precious metals to convert toxic engine exhaust to less harmful gasses.
  • NYACT will be partnering with other organizations all over the state to distribute the identification tags and to provide training for law enforcement and car dealerships to thwart these thefts.

Intuit QuickBooks: Small Business Confidence Remains Strong as Over 9 in 10 Take Action to Combat Cost of Living Crunch

Retrieved on: 
Tuesday, May 3, 2022

Over two in five (43%) SMBs prioritising growing their business over the next year agree the rising cost of running a business is the main challenge to growth.

Key Points: 
  • Over two in five (43%) SMBs prioritising growing their business over the next year agree the rising cost of running a business is the main challenge to growth.
  • Overall, two thirds (66%) of SMBs say they feel prepared** for the rising cost of running a business.
  • A key reason for small business optimism appears to be the emergence of a new and improved gig economy, which is helping SMBs manage the cost of running their business.
  • 2 Which of the following actions, if any, are you currently undertaking specifically to mitigate against the rising costs of running a business?

Iveda Receives $1.3M Smart Pole Purchase Order from New Strategic Partner for Agricultural and Solar Farms in Japan

Retrieved on: 
Monday, April 18, 2022

The system will be able to detect aberrant behavior such as human or animal encroachment and notify proper personnel within seconds.

Key Points: 
  • The system will be able to detect aberrant behavior such as human or animal encroachment and notify proper personnel within seconds.
  • Utilus will also be used in large solar farms to prevent copper theft.
  • Copper, being a critical material in electrical infrastructure, has been a target of thieves worldwide for decades.
  • All forward-looking statements made herein are qualified by such risk factors, and readers are advised to consider such factors carefully.