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Why Crisis Management Planning Should Be On Your To-Do List

Bernstein Crisis Management

Legal and Compliance: For many industries, having a crisis management plan can be a legal or insurance-mandated necessity. Building Confidence: A solid plan reassures employees and stakeholders that the company is well-prepared, fostering trust and stability.

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Proactive Tips for Businesses Facing Hail Damage Claims

Risk Management Monitor

In 2021, insurers faced multiple billion-dollar loss events resulting from severe convective storms in the United States, with the greatest damage inflicted by hail that impacted the Plains, Midwest, Southeast and Northeast. In other words, the “inception of loss” date starts the one-year clock ticking. Lowen Valley View, L.L.C.

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Randomware Payments – Some Statistics

Plan B Consulting

million on New Year’s Eve 2019. CNA Financial – one of the largest insurance companies in the USA, paid $40 Million in ransom after the March 2021 cyberattack.[3] The city of Riviera Beach in Florida – paid a $600,000 ransom in June 2019. [8] 10] Colorado-based NEO Urology – paid a $75,000 ransom in 2019.

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Court Overturns Prop 22, California’s Gig Worker Classification Law

Risk Management Monitor

The controversial California ballot measure designated app-based gig workers like rideshare and food delivery drivers as independent contractors, meaning that the companies they ostensibly work for would not have to provide a minimum wage, health insurance, unemployment, sick leave or other benefits.

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Helpful tips for New Jersey remote workers to stay HIPAA-compliant

Online Computers

It has always been challenging for companies and individuals to stay compliant with the privacy standards of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). In 2019, Online Computers received the HIPAA Seal for achieving compliance with federal HIPAA standards.

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4 Unknown Cyber Threats Enterprises Need to Watch Out For

Assurance IT

Attackers try and trick victims into providing sensitive information like login details, credit card information or social insurance numbers. A report by the 2019 Data Breach Investigations Report by Verizon states that phishing attacks stay the number one cause of data breaches around the world. Don’t Let Them In.

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Tips for Managing Third-Party Risk in Health Care

Reciprocity

And that suffering now extends far beyond the potential for Health Insurance Portability and Accountability Act ( HIPAA ) regulatory non-compliance brought on by lost or stolen data; instead, the breaches affect healthcare organizations’ capacity to function and pose a risk to patient safety.