22 May 2017 By

What is captive insurance and why might you need it? Captive insurance is insurance that is provided by a captive insurance company (captive, for short). Captives are wholly owned and controlled by their own insured members rather than by outside carriers. They choose to put their own capital at risk, believing that they can generate profits by instituting measures to help better control expenses. Unlike traditional insurance policies, where policyholders are beholden to an insurance company’s rates, captives’ insurance policies allow policyholders to manage their premiums—and ideally lower them—by proactively managing their losses.

Say you are insured for workers’ compensation through a traditional policy and worked extra hard to keep your losses low last year by enhancing workplace safety and instituting more rigorous employee training programs. Not only will the benefit of those losses be unrealized by your company in the form of reduced premiums, but you could actually face a premium increase if others in your risk pool have had increased losses or if overall administrative costs have risen. Why should all that hard work in controlling your losses not be rewarded?

16 May 2017 By

It was Dmitri Alperovitch, cofounder of the cybersecurity firm CrowdStrike, who famously said, “There are only two types of organizations: those that know that they’ve been hacked and those that don’t yet know.” According to multiple online news sources, cybersecurity is seen as one of the biggest current threats to businesses worldwide. Juniper Research has projected the cost of cybercrime at $2 trillion globally by 2019. That’s only two years away!

We have already seen how major data security breaches can spell disaster for high-profile companies like Target, The Home Depot and JPMorgan Chase. Target alone reported that the breach of its customer data cost the company upwards of $250 million. Data breaches can be caused by a multitude of commonplace incidents that you may not even give a whole lot of thought to like a leaked password, a disgruntled employee, a lost mobile device or a lack of encryption.

09 May 2017 By


On May 4, 2017, members of the U.S. House of Representatives voted 217-213 to pass the American Health Care Act (AHCA), after it had been amended several times. The AHCA is the proposed legislation to repeal and replace the Affordable Care Act (ACA).

The AHCA needed 216 votes to pass in the House. Ultimately, it passed on a party-line vote, with 217 Republicans and no Democrats voting in favor of the legislation. The AHCA will now move on to be considered by the Senate. It is likely that the Senate will make changes to the proposed legislation before taking a vote. The AHCA would only need a simple majority vote in the Senate to pass. However, unless and until the AHCA is passed by the Senate and signed by President Trump, the ACA will remain intact.

While it’s likely the AHCA will be modified in the Senate, these are the current main impacts to the ACA:

30 May 2017 By

Since the dawn of humankind, Homo sapiens have lived in communities. From the first groups of cave dwellers, we’ve huddled together for our own survival—the literal success of our species. What is new is the concept of condominium associations. Here, an anthropologist might say, is a unique form of human socialization. Picture a single cave, owned equally by all the cave dwellers, ruled democratically—the first cavedominium! (Society Hill at Mesopotamia?)

The first condominium associations in New Jersey came about some time in the mid-1960s, with some of the earliest condos evolving from apartment buildings which may have been built even earlier. As time went on, builders found improved profits were to be had in constructing conjoined housing instead of single family homes.

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