Category: News

Hurricane Irma Losses Estimated at 6 Billion

Dec 5, 2017 / Hurricane Irma

As many Southwest Florida residents and businesses move forward with life after Hurricane Irma and get ready for the influx of seasonal residents, the statistical magnitude of the post-Irma insurance claim situation is beginning to come into focus. According to a news report this week, the loss estimates so far from Hurricane Irma are estimated to be in the range of $6 billion and it appears that the number of […]

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New York Attorney Pleading with Florida Federal Judge

Nov 30, 2017 / News

According to Law360, a prominent New York attorney is now pleading with the Florida federal judge assigned to his case to avoid jail time for deceptively selling investments. Earlier this year, the Securities Exchange Commission sanctioned this same lawyer for securities violations. Law Degree and Licenses Don’t Make Sales More Legitimate We address this situation as a simple reminder to investors that an investment being pitched to you is not […]

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Krack Attack and Insurance Agents

Nov 16, 2017 / Cybersecurity

A recent article posted on InsureTrust talks about a dangerous new “KRACK Attack” and what it could mean for insurance agents. Fortunately, the exploit addressed by the article has not actually been found “in the wild,” which means that it is likely more theoretical (or at least it hasn’t been implemented in widespread use). As the article addresses, many internet of things, IoT, devices will be more vulnerable to this […]

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Congress Blocks CFPB Arbitration Rule

Nov 14, 2017 / News

In a move that gutted consumer advocates, the Senate used its powers under the Congressional Review Act to block the implementation of a rule passed by the Consumer Financial Protection Bureau (CFPB) that would have restricted the ability of large financial institutions to compel arbitration on a class-wide basis. Arbitration functions like private court. Arbitration allows for the speedy and efficient resolutions of claims in many cases. But for customers […]

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