PILMMA Super Summit 2022
The AdvoCap Insurance Agency, Inc. team is headed to New Orleans, LA, for the Personal Injury Lawyer Marketing and Management Association (PILMMA) Super Summit to be held June 27-29th at the Ritz Carlton, New Orleans. We will be joined by our insurance partner Jack Compton with Shea Barclay. You may also run into our friend Donna Jones with Advocate Capit...
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About PILMMA Super Summit 2022
Why D&O Liability Insurance Is Important
Authored by Sara Weathers
The directors and leaders of a business are tasked with making the important decisions for it and with this responsibility comes a level of high risk. A recent article from Insurance Business magazine discussed why directors’ and officers’ insurance is key for any business to have.
D&O liability insurance is meant to protect...
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About Why D&O Liability Insurance Is Important
Droughts and Wildfires in the Western U.S.
Authored by Sara Weathers
The drought and wildfires in the western United States are set to continue due to La Nina that remains in the area. According to the Insurance Journal, it is a natural but potent weather event causing the megadrought.
La Nina usually has the worst effects in the winter, which is supposed to be the west’s rainy season, preventing...
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About Droughts and Wildfires in the Western U.S.
Inflation and Its Effects on Your Business
Authored by Sara Weathers
Inflation has risen at the beginning of 2022, but according to an article from Insurance Journal, it appears to have peaked for the year. Despite inflation, U.S. consumer spending rose more than expected in April.
The article also states that the Federal Reserve trying to fight high inflation rates has led to fear of a recession....
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About Inflation and Its Effects on Your Business
Preparing for Hurricane Season
Authored by Sara Weathers
With hurricane season approaching, now is the time to make sure your property insurance is up to date. Newswise shared some tips to help you be prepared if a hurricane hits your area.
Checking your insurance coverage is extremely important when it comes to preparing for hurricane season. Most policies will cover wind damage, but...
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About Preparing for Hurricane Season
Is Your Risk Management Plan Up To Date?
Authored by Sara Weathers
Now more than ever, businesses need to be thinking of their risk management plans. According to Insurance Business Magazine, there is an elevated risk in many areas such as the pandemic, cyber security, threats to the supply chain, and war/political tensions. Businesses should be taking proactive measures to protect themselves a...
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About Is Your Risk Management Plan Up To Date?
How to Spot Impersonator Fraud
Authored by Sara Weathers
With many companies still working remote due to the COVID-19 pandemic, an environment for cyber criminals to thrive has been created. According to Insurance Business Magazine, one of the most popular tactics being used is impersonator fraud.
Impersonator fraud happens when the cyber criminal pretends to be another person or busin...
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About How to Spot Impersonator Fraud
Cyber Attacks in 2022
Authored by Sara Weathers
Cyber-attacks have become more prevalent over the past few years and if the United States were to enter into war, President Joe Biden stated that there could be “a cyber breach of great consequence”.
The amount of technology available today is something that the world hasn’t dealt with in wartimes yet. Max Smeets, director of the...
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About Cyber Attacks in 2022
Major Claims for a Major Carrier
The invasion of Ukraine presents Lloyd’s of London with potential major claims this year. Around 100 members of Lloyd’s underwrite complex risks, including planes, ships, and oil rigs. According to this article by BusinessInsurance.com, the aviation insurance market is considerably exposed to the situation in Ukraine. Chairman Bruce Carnegie-Brown told Re...
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About Major Claims for a Major Carrier
The Effects of Sanctions and Deglobalization on Insurers
Authored by Sara Weathers
Russia’s invasion of Ukraine in February has led to sanctions being put into place on Russia. According to a recent article from Insurance Business Magazine, these sanctions have caused a global economic squeeze that could last for months or years.
The sanctions that have been put into place are meant to cut Russia off and create...
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About The Effects of Sanctions and Deglobalization on Insurers