Wednesday, August 26, 2015

Scammers Try to Exploit Travel Season

Many people hit the road in the summer, and crooks know it. Watch out for scammers posing as loved ones who run into trouble while traveling and need your money.

Emails from overseas

You get an email that appears to come from a friend or relative who says they were traveling overseas when disaster struck. Lost or stolen bags, a car accident, or some other calamity means they’re stuck and need you to send them money. In reality, your friend or family member probably isn’t overseas, and if they are, they don’t need your money. A crook sent the fraudulent email hoping your desire to help a loved one in need will override your common sense.

Grandparent scam

The “Grandma, it’s Me” scam plays on the same emotions and can be more believable during summer months when young people often travel. Seniors get a call from someone posing as their grandchild who claims to have been arrested or in an accident while away from home. The phony grandchild says they don’t want to bother Mom and Dad, so they ask Grandma or Grandpa to send them some money and keep it a secret. Victims may get a follow up call from someone posing as police, requesting more money on the grandchild’s behalf.

Several recent victims told our office they knew their grandchildren were on a trip and that made the con more plausible. Grandparent scammers also sometimes use information they find on social networking sites like Facebook to make their impersonation more realistic.

Tips

If you get desperate plea for money from traveling friends and family, resist the urge to send money right away. Instead:

·         Contact loved ones directly, such as by cell phone, and ask if they’re really in need of your help.
·         Ask callers questions that only the real person would know.
·         Report scams to the Attorney General’s Consumer Protection Division by calling 1-877-5-NO-SCAM or filing a complaint online at www.ncdoj.gov.

This message brought to you on behalf of North Carolina Attorney General Roy Cooper.

Tuesday, August 25, 2015

Words to make a parent nervous: Teen driver


New teen driver. As both the father of a new driver and an underwriter, those words make me nervous. But some proactive discussion among the new driver, his or her parents and your local agent can make the teenage driving years a lot less stressful.

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Source: http://blog.cinfin.com

Wednesday, August 19, 2015

5 major changes in P&C insurance since Hurricane Katrina

In the early morning hours of August 29, 2005, Hurricane Katrina struck the Gulf Coast of the United States, resulting in more than $41 billion in insured property damage, with total economic damage topping $100 billion. The fallout from Katrina has led to significant changes within the insurance and risk management industry.


According to the Marsh report, "10 Years After Hurricane Katrina: Lessons in Preparedness, Response, and Resiliency," changes over the past 10 years in the property and casualty insurance industry were all influenced by Hurricane Katrina, as well as Hurricane Ike and Superstorm Sandy. The report reviews how property insurance, claims, analytics, risk engineering, and crisis management have changed since Katrina—and explains what has been learned from Katrina and other disasters about protecting people, property, and profits.

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Source: www.propertyandcasualty360.com

Monday, August 17, 2015

The 10 most dangerous U.S. cities for red-light running

Whether it's because we're distracted or in a hurry, red-light running is a dangerous driving behavior that many of us are apparently guilty of, at least on occasion. A shocking 3.7 million drivers in the United States received a violation for running a red light in 2014, according to the the National Coalition for Safer Roads.


In 2013, at least 697 people were killed in accidents involving red-light running in the U.S., while an estimated 127,000 people were injured. And not surprisingly, the majority of incidents usually occur during peak summer driving periods such as Memorial Day, Independence Day and Labor Day.

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Source: www.propertycasualty360.com

Friday, August 14, 2015

16 keys to understanding terrorism risk insurance in 2015

Two bombs detonated within seconds of each other near the finish line of the Boston Marathon, killing three and injuring more than 180 people. Gunmen killed 12 at the office of a French satirical magazine.



A gunman killed nine in an attack at Emanual African Methodist Episcopal Church in Charleston, S.C. Another gunman killed four Marines and a Navy sailor at two locations in Chattanooga, Tenn. A man flew his single engine plane into the Austin, Texas, IRS building, killing himself and one IRS employee and injuring 13 others.

Read More...

Source: www.propertycasualty360.com

Thursday, August 13, 2015

Term vs. permanent life insurance: Which is right for you?



The biggest question to answer when purchasing life insurance is whether you need a term or permanent policy. Each type has advantages and limitations. To make the right decision, you should know and understand your options. Here are a few questions to consider:

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Source: http://blog.cinfin.com

Thursday, August 6, 2015

Marsh & McLennan Agency Mid-Atlantic Region New Hire Announcement

Senn Dunn Insurance is excited to announce the hiring of 3 new associates in July!
 
 
Robin Elder
Director of Service and Operations
Greensboro Office

 
Gail Sundquist
Employee Benefits Account Manager
Greensboro Office

 
Adrienne Williams
Technology Administrative Associate
High Point Office