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Insurance News / 03.02.2016

Hackers can guess 76 percent of the passwords in a data breach according to Agent & Broker magazine. Someone scratching at your online door with lots of determination may be able get at your passwords so why make it easy. Password strength can save you a lot of anguish. So, what makes a strong password – and one that you also can remember? Let’s cover the “don’ts first: Don’t use linear sequences (e.g. 123456) or key strokes (e.g. QWERTY) Don’t use family member names, birthdates or...
Insurance News / 02.02.2016

According to WIRED, “Google’s autonomous cars have driven 1.3 million miles since 2009. They can recognize hand signals from traffic officers and “think” at speeds no human can match. They’ve been involved in 17 crashes, but have never been at fault. Google’s previously predicted they’ll be road-ready by 2020. An article on the Computerworld web site estimates that if 90 percent of vehicles were fully automated: 4.2 million accidents would be avoided Annual traffic fatalities would be reduced by 21,700 Accident-related costs would drop by $450...
Insurance News / 01.02.2016

Jim Collins in his book, Good to Great, advises organizations wishing to achieve world-class success to know and perfect what they can do best to the virtual exclusion of all others. Once that position of market dominance has been established, Collins says they need to innovate and continually re-energize their efforts to ensure momentum. So, what does Maine offer when it comes to making strategic investments that could achieve world-dominance?!? Focus Maine has determined there are four “traded sectors” that potentially make Maine a leading center...
Insurance News / 01.02.2016

A competitive insurance market is a pretty remarkable thing. It allows individuals, owners and employers to transfer their risk at a very low cost to a company that will pay to restore what’s been lost. For most people and companies, it allows them to recover from potentially devastating losses. Though the fundamentals are the same for both property/casualty and health insurance, the examples below address property/casualty and the need for profit. Imagine not having insurance and seeing your home burn while you still owe your mortgage...
Insurance News / 31.01.2016

The issues that keep us awake at night are the ones over which we feel the least control: health, employment, retirement, money, relationships. How about changes in leadership? Does that trigger the anxiety button? Someone unexpectedly gets fired, hired, promoted, leaves or dies. For those who have aspirations in their career or rely on a leader for their employment, sudden changes can really hit your gyroscope and distract the company from the core mission of delivering services and products. Gratefully, you can and should plan ahead and...
Insurance News / 25.01.2016

Years ago, we spent more than $5,000 for the removal of a twisted spleen from our eight year-old standard poodle. Our three young sons had sided with Buddy, their BFF, so euthanasia was off the table. This episode was a reminder that our next dog also would be a family member and that we didn’t want to face an economic dilemma when his health was jeopardized. We pay about $39 per month to cover our 7 year-old miniature poodle, McDuff also known as Doofus. See...
Insurance News / 18.01.2016

Some years ago, our son jammed his finger during soccer practice but stoically didn’t complain until after dinner when it began to hurt from swelling. We called the pediatrician who advised that we head for a walk-in clinic or emergency room to check it out. WHOA! A trip through one of those doors is expensive for either the family or the insurance company. Being on a high deductible health plan, we opted to administer ibuprofen, ice and a splint. A follow up with the pediatrician...
Insurance News / 08.01.2016

One of the hottest selling Christmas presents in 2015 was the two-wheeled hoverboard. More accurately, they are a rechargeable self-balancing personal vehicle that can travel up to 12 hours and reach speeds of 12 mph. Besides being a form of leading edge fun with a great “wow” factor, hoverboards present an entirely new set of hazards not the least of which is liability. So what should you know about these futuristic wheels How they work. Unlike Marty McFly’s futuristic skateboard, today’s hoverboard is a small version...
Insurance News / 30.12.2015

According to the U.S. Energy Information Administration (EIA), retail prices for gasoline in New England continue to decline. Compared with a high of $3.72 per gallon of regular gas in 2012, consumers now are paying $2.06 – a savings of $1.66 per gallon. For passenger car drivers averaging 36 miles per gallon during 12,000 miles of travel, that means an annual savings of about $553. For those people heating with oil, EIA projects average savings of $459 per household “reflecting retail prices that are 47 cents/gal...
Insurance News / 18.12.2015

Let me introduce you to little Zach who has asked his parents for a camera-equipped drone for Christmas. Radio controlled vehicles have been a family staple of the holidays ever since the first wireless remote controlled toys were first manufactured. By the way, give to credit Nikolo Tesla for introducing the first wireless boat in 1898. So, why should we worry about little Zach? Zach, full of holiday joy and way too much sugar, is elated when he opens the new KXY360 Eye In The Sky...

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