Long-haul truck driving ranks among the deadliest professions, according to the Bureau of Labor Statistics. Drivers are involved in an estimated 250,000 crashes per year, with 1- to 2 percent resulting in fatalities. A recent study released by the Rocky Mountain Center for Occupational and Environmental Health (RMCOEH) at the University of Utah recently identified […]
CPA Liability Risk is Rising
Accounting malpractice lawsuits frequently result in plaintiff-oriented jury verdicts, according to a recent Accounting Today article titled, “Liability Risk on the Rise for CPAs.” In a world of perpetually changing tax codes, increasing threat of cyber attacks, and growing accounting fraud, CPAs are up against professional liability challenges that, if not held in check, could […]
Top 10 Data Breaches Drive Cyber Insurance Growth
The market for cybersecurity coverage is expected to grow rapidly as increased data breach risks convince businesses that current insurance policies offer inadequate protection against cyber risks. A recent article in PropertyCasualty360 identifies the top 10 most expensive data breaches to date: Epsilon – $100 million-$4 billion Veterans Administration – up to $500 million Hannaford […]
Crashes Dent Allstate Earnings
The cost of claims is rising for Allstate, according to a Wall Street Journal article titled “Increased Car Crashes Crunch Allstate Shares.” Americans are apparently driving more, post-recession, resulting in more auto accidents. CEO Tom Wilson is quoted as saying, “More miles driven, more cars on the road, more accidents,” Chief Executive Tom Wilson said […]
