Author: Mike Mosser

Cyber Liability Poses Risks Not Covered By Ordinary Insurance

By Mike Mosser
Cyber Liability Poses Risks Not Covered By Ordinary Insurance

It’s all but impossible to do business today without computers and the Internet.  Even if a computer is used for nothing more than accounting and keeping track of orders, a data loss or equipment failure could mean economic hardship for any company. Throw in the use of email, a website or social media and a company’s risk exposure could be greater than that posed by the more physical threats of fire or other disasters—especially where…

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How to avoid identity theft

By Mike Mosser
How to avoid identity theft

In an increasingly online and interconnected world, identity thieves have a lot of tools they can use to ply someone out of their crucial information and rob them blind in minutes. The old-school method of a thief digging through trash in search of records or snatching a purse or wallet still happens, but identity thieves increasingly turn to electronic methods to get what they want. Often thought of as a crime that targets the elderly,…

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How to respond to an identity theft: a step-by-step approach

By Mike Mosser
How to respond to an identity theft: a step-by-step approach

Whether it’s a quick run on a credit or debit card, a lost wallet or a full-scale identity theft, responding to such a crime requires a rapid response. Although an online world makes it easier to become a victim of identity theft, it also provides tools that can be used to stop the thieves and limit the damage. Step one—A fraud alert After closing any affected accounts, such as a credit card, the first thing…

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Staying safe during tornado season means more than just where to hide

By Mike Mosser
Staying safe during tornado season means more than just where to hide

The southern states and east of the Rocky Mountains might be known as “tornado alley,” but a twister can strike nearly anywhere in the U.S. The key to surviving one starts with paying attention, having a plan and don’t stand in its path like Tim Samaras. As director of the scientific field program Tactical Weather Instrumented Sampling in Tornadoes EXperiment, Samaras’s work is featured on the Discovery Channel show “Storm Chasers.” He’s also the only…

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Stupid criminals never seem to give up on insurance fraud

By Mike Mosser
Stupid criminals never seem to give up on insurance fraud

The allure of insurance fraud must seem like a quick and easy way to get some cash, so it’s understandable why it never goes away. What’s harder to figure out is why some criminals make it so easy for someone to bust them. When looking at some of their hairbrained schemes, it seems like an unfair battle between the fraudsters and those who catch them. “The fraud world has an endless supply of knuckleheads reprobates…

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Long-Term Care insurance is more than nursing home care

By Mike Mosser
Long-Term Care insurance is more than nursing home care

Originally begun in the 1980s, Long-Term Care insurance has been going through major structural changes over the past few years for a variety of reasons. Companies have been leaving the market and rates are on the rise. Some experts say the time to buy a policy is now, before the market gets any tighter or rates get any higher. Those companies still in the market are becoming more stringent in what they provide, such as no…

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Critical illness insurance provides a cash infusion when sickness strikes

By Mike Mosser
Critical illness insurance provides a cash infusion when sickness strikes

Anyone facing a critical illness, such as cancer, a heart attack or a stroke, has to deal with more than just a physical and mental struggle—it can have a tremendous financial impact as well. Even those with health insurance can take a hit from co-pays, lost income, lifestyle changes and items not covered by their provider. A 2009 study by Harvard University found that 62 percent of all bankruptcies in the U.S. were the result…

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Insuring art: Covering a collection in case of loss

By Mike Mosser
Insuring art: Covering a collection in case of loss

  By Mike Mosser, Consumer Insurance Guide Whether it’s a box of old coins, an authentic Picasso or an heirloom just waiting for an “Antiques Roadshow” moment, keeping track of and insuring one’s valuables is something that’s easy to overlook. A homeowner’s insurance policy may not fully cover everything in the home and their records might not be complete. How real is that Dali in the window? Salvador Dali was one of the most popular…

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Sinkhole insurance policies rest on unsettled ground

By Mike Mosser
Sinkhole insurance policies rest on unsettled ground

The term sinkhole conjures up images of the Earth opening up and swallowing an entire house. As impressive and downright scary as this is, such events are rare and might not even be actual sinkholes, for the term has different meanings for geologists, insurance law and the general public. Sewer line and water main breaks have been known to carry away the soil below a street and cause a sudden collapse of a roadway or…

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In the hot seat: How elected officials handle their liability risk

By Mike Mosser
In the hot seat: How elected officials handle their liability risk

From sanitation workers to the mayor’s office and everywhere in between, local governments deal with the public in ways that expose them to a range of liability claims and potential lawsuits. State laws provide varying levels of immunity particularly for ministerial or legislative actions such as passing zoning ordinances or building codes, yet that doesn’t stop local governments from needing legal representation and liability insurance. Darcee Siegel, city attorney of North Miami Beach, Fla. says…

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