As the 2011 magnitude 9.0 Tohoku, Japan earthquake celebrated it’s four year anniversary last week the disaster continues to be a stark lesson for what the potential impact of the predicted Cascadia megathrust earthquake will leave on the Pacific Northwest. It makes one think about Oregon earthquake safety and what safety measures have been put into place. There is no … Read More
Restaurant Insurance Rates – How They Are Determined With The Rating Plan
At a recent renewal meeting with a client, the question was asked, “how are my restaurant insurance rates determined”? The easiest way to explain how restaurant insurance rates are determined is to start from the beginning which is to first address the underlying fundamental rating criteria which is called the rating plan. The Insurance Rating Plan All insurance companies have … Read More
Earthquake Insurance Claims | Learn Claim Best Practices
Recent earthquake claim denials in Oklahoma and the 60 minutes segment about FEMA’s denial of flood insurance claims titled “The Storm After the Storm” highlights what might be that brutal aftereffect that awaits the status of earthquake insurance claims from the predicted Cascadia Subduction Zone rupture. Per the 60 Minutes report “the biggest ticket item inside a claim, for a … Read More
Marijuana Edible Dosage and False Advertising Claims
Advertising and labeling of marijuana edibles were one of the key talking points at the OLCC Community Listening Meetings on Marijuana. Businesses involved in marijuana edible production not only have a product liability risk for fear that consumption of the product might cause bodily injury, but they could also face false advertising claims of not having the marijuana edible dosage … Read More
Loss Damage Waiver Insurance – to Purchase or Not?
Your auto insurance policy will pay for bodily injury and property damage for damage to the rental car and/or other physical damage you cause to other vehicles. In case of a collision you would pay your collision deductible, the insurance company would then pick up the remainder of the repair costs. Unfortunately there is no additional coverage on your personal auto policy for ‘Loss Damage’, … Read More