My wife and I are in the process of “cutting the cord.” Based on statistics, we may be one of the last holdouts on “linear” (broadcast, cable) TV and embracing streaming. Part of the timing is that both of our adult children have switched and they (and our granddaughters) can see everything they want. Another piece of the puzzle is that the price of cable TV kept increasing to car…
Transforming Negativity: Essential Leadership Skills for a Positive Workplace As discussed in the previous article, addressing a toxic workplace demands more than good intentions; it requires a strategic skill set. In part two, we explore the practical steps and leadership skills necessary to steer a company away from pitfalls, navigating the necessity of transforming a hostile workplace into a thriving one. From defining and reinforcing company values to navigating the…
By definition, fraud is the intentional intent to use deceit, trickery, or other nefarious means to deprive another individual of their inherent money, property, or legal rights. The majority of injured individuals were legitimately injured while furthering their employer’s interests. However, we all know that there are those individuals who feel they are entitled to something to which they are not, and as such will employ various tactics to pad…
Every job in the insurance industry requires good negotiation skills. It remains a mystery to me that few in the insurance industry are formally trained in the art and nuances of negotiations. Each job has its unique nuances and language. There should be a specific training program for the sales staff, the underwriters, the safety professionals, the clams examiners the attorneys and the medical professionals. Here are a few negotiations concepts…
There are many different life situations facing parents. One of the most rewarding and challenging is the balancing act of raising children while meeting work responsibilities. The fundamental obligation of a parent is to make sure that their children obtain the necessary education to be successful in life. Children who are engaged and supported at school usually become successful adults. Many times employers ignorantly create work situations that do not…
One of the biggest challenges that our society will experience in the next generation will be to transition from human driven cars to autonomous vehicles (AV). One only has to listen to the Beach Boys to understand the deep relationship that most of the American public has with their automobiles. Cultural resistance to implementing autonomous vehicles include concerns over hackers, loss of a pleasurable experience, the perceived need for control, and…
Introduction Teflon and the first 100 days. Everyone who starts in a new company or gets a new role is given an allotment of “teflon” when they start. This “teflon” usually is in the form of deferential treatment, and latitude to do new things and make mistakes. Starting a new job can be both exhilarating and overwhelming. In this period of transition, one invaluable tool that can set you on…
For your reading pleasure, I have attached several articles on the internet of things (which I call “The Internet of Everything”) and an article on a cyber-attack on the cloud; which used "the internet of things" as a platform for the attack. I miss my old “birdcage” refrigerator but, when I am in the grocery store, (Safeway) I sure like looking inside of my new refrigerator to determine just how…
The sense of self-worth, value and identity are closely associated with that person’s job or occupation. Everyone needs an adequate income to survive. Everyone wants to be a part of something bigger, be valued for their contributions, be a part of a community. Work provides these and more. That is why it is much more than just an economic catastrophic event when someone loses their job due to a work-related…
Uses of Claims Reserves Case reserves are used by the rating bureaus to help determine the pricing of workers compensation insurance. Their calculation uses the case reserves on the clams files at 18 months after the inception of the insurance policy. Actuaries rely on claims reserves to help determine the projected ultimate cost of the claims. They calculate a reserve loss development factor which is applied to the case reserves.…
