What To Expect:
As we move into 2016, Ironwood is prepared to provide our clients with professional council on all of their risk and insurance needs.
"2016... The Year Ahead" reviews highlights from the past year in the Property and Casualty Insurance Marketplace and predicts what will happen in 2016.
Download our white paper and read what we foresee our industry will experience in the coming months.
Decision to Reject Current EU-US Safe Harbour Provisions
With the recent rejection of the EU-US Safe Harbor provisions by the European Court of Justice, EU regulations on data privacy are changing. If you do business in the European Union, it's important that you are prepared.
Sarb Sembi of STORM Guidance has written an informative article on the implications of the new courtdecision and how to remain legally compliant in your EU operations.
For Questions on International Insurance Issues, Please contact Ironwood's International Practice Leader, Timothy S. Blanco, CPCU, CIC. d: 912-650-2806 [email protected]
Effective 1 November 2015, standard rate of the UK’s Insurance Premium Tax will increase to 9.5% from 6.0% on new and renewal insurance policies. The higher rate of tax remains at 20%.
NEW OSHA REPORTING REQUIREMENT
Effective January 1, 2015 new reporting rules take effect for severe injury and illness under OSHA. Under the new rules, all workplace fatalities must be reported to OSHA within 8 hours of the accident and all work related hospitalizations, amputations and loss of an eye within 24 hours. The previous requirements only required reporting when there was a fatality or three or more workers were hospitalized in the same incident.
Winter is here and it is time to dust off and update your contingency plans in the event of cold and inclement weather. Severe weather is not limited to Northern cities as was proven last year with several events occurring in the Southeast and Midwest. With some preplanning and by utilizing a simple checklist, you can minimize the impact of bad and threatening weather conditions. Ironwood is available to answer any questions you may have concerning preplanning or additional risk resources.
There has been an increase in claims activity involving email hacking. These situations involve either: A third party hacks into your email/system posing as one of your regular vendors with instructions to send future payments to a new bank account; or A third party hacks into your vendor’s computer and forwards updated banking instructions to be used for future payments or forwards what appears to be an actual invoice including updated banking instructions.