October, 2022

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Inflation + Customer/Vendor Contracts = Bankruptcy?

Hunton Andrews Kurth

Over the last two years, courtesy of a once-a-century pandemic, government-mandated business closures, nationwide stay-at-home orders, and—unprecedented—disruptions to the global supply chain have illuminated, previously unknown, vulnerabilities across a whole host of industries. Would anyone have seriously questioned the viability of office space two years ago?

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What Is Commercial Insurance Premium Financing?

Agency Intelligence

Insurance premium financing is an ideal solution for insurance providers, agents, and brokers looking to provide the best possible service to their insureds. With a commercial insurance loan, insureds can easily maintain liquidity and access policies that might otherwise be outside of their purchasing capacity. What is business insurance premium financing?

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Getting the broadest landlord insurance cover

Cover4LetProperty

There are many pressures and challenges faced by the buy to let landlord these days – and there are inevitably occasions when things can go horribly wrong. That’s when you will turn to your landlord insurance policy for support and financial assistance. Let’s see how you can get the broadest possible cover at times like these by taking a look at those elements that might be included as standard items for your particular landlord insurance policy or which may be available as extras or add-ons: Lo

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Challenges and Opportunities within the Employee Benefits Market

Scott Insurance

With an extremely competitive labor market, it is important for employers to recognize the challenges of the current employee benefits market and understand how to take advantage of opportunities to attract and retain talented individuals. According to Microsoft’s 2022 Work Trend Index , 39% of all workers are considering changing employers this year, while 52% of Gen Z and Millennial workers are considering a change.

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Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

According to Beazley’s recent Risk & Resilience Geopolitical Report , inflation is a key area of concern for business leaders and they expect economic uncertainty to remain high through to the end of this year. High inflation impacts multiple aspects of corporate decision making, from the changing value of stock to rising employee wages and cost of borrowing.

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FTC Exploring Rule to Crack Down on Deceptive and Fake Consumer Reviews

Hunton Andrews Kurth

The Federal Trade Commission published an Advanced Notice of Proposed Rulemaking (ANPR) on October 20 seeking public comment on a potential regulation aimed at curbing deceptive consumer reviews and endorsements. In its announcement , the FTC highlighted the prevalence of false and misleading reviews online and the harms they cause consumers and competitors.

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NYDFS Fines EyeMed $4.5 Million for Cybersecurity Violations

Hunton Andrews Kurth

On October 18, 2022, the New York State Department of Financial Services (“NYDFS”) announced that EyeMed Vision Care LLC (“EyeMed”) agreed to a $4.5 million settlement for violations of the Cybersecurity Regulation (23 NYCRR Part 500) that contributed to the exposure of hundreds of thousands of consumers’ health data in connection with a cybersecurity event in 2020.

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Landlord insurance cover and other FAQs

Cover4LetProperty

Don’t let anyone tell you they’ve learnt all there is to becoming a landlord. It’s almost certainly more difficult than you think. The challenges will vary from one type of property to another, depend on the tenants you attract to live there, and might even be influenced by your own personality. Because it can be more than a little overwhelming taking on board all that you’ll need to know, here we answer some frequently asked questions (FAQs) for landlords.