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I’ve been enamored with captive insurance for most of my insurance career. The ability of insureds to get tax benefits for self-insuring exposure solves a lot of problems when they are unable to 1. acquire insurance for their exposure (dangerous product or industry) or 2. are unable to acquire insurance at a reasonable premium (hard market or misunderstood exposure). In this episode, I discuss all things captive with Van Carlson of Strategic Risk Alternatives.

https://insnerds.com/profiles-in-risk-e88-the-captive-insurance-market-with-van-carlson-ceo-of-strategic-risk-alternatives/

Almost half of cyber crime attacks are committed against small businesses.

Most attacks are not reported to gardaí.

This is despite the fact that cyber attacks are now seen as the fastest-growing crime, according to research compiled by Cork-based Apex Insurance, which offers firms cyber insurance.

https://www.independent.ie/business/dublin-information-sec/cyber-security-half-of-all-attacks-are-against-small-businesses-and-most-not-reported-to-gardai-37007405.html

SOUTHAMPTON, Bermuda — Climate risks are directly connected to supply chain risks that should be identified and mitigated as extreme weather events continue to become more severe and intense and cause rising business interruption losses, experts say.

http://www.businessinsurance.com/article/20180613/NEWS06/912321991/Climate-change-extreme-weather-boost-supply-chain-risks

MICHIGAN — The Michigan Department of Agriculture and Rural Development (MDARD), Michigan Department of Health and Human Services (MDHHS), and local health departments are working closely with the U.S. Food and Drug Administration (FDA), the Centers for Disease Control and Prevention (CDC), and public health and regulatory officials in several states to investigate a multistate outbreak of Salmonella Adelaide linked to consumption of cut melons.

Most people who have been infected with this strain of Salmonella bought pre-cut melon at Walmart or Kroger stores in the Midwest. Consumers who have purchased pre-cut melon from Walmart or Kroger, including fruit salad mixes with melon, are urged not to eat it and throw it away. Walmart and Kroger are cooperating fully with the investigation and have removed all cut melon associated with this outbreak. The CDC is not recommending people avoid whole melons.

http://news.pioneergroup.com/manisteenews/2018/06/11/cut-melons-linked-foodborne-illness-michigan/

VOLCANO — As Hawaii Volcanoes National Park continues into its fourth consecutive week of closure, the hospitality industry in the hamlet of Volcano faces unprecedentedly lean times.

Park spokeswoman Jessica Ferracane said the closure of the park, which has gone on for 30 days as of Saturday, has so far cost Hawaii Island more than $12.3 million in visitor spending — park visitors last year spent $455,000 each day at Big Island businesses, not counting park entrance fees.

http://www.thegardenisland.com/2018/06/13/hawaii-news/big-island-tourism-still-taking-big-hits/

 

Since the volcano began erupting last month, images of the eruption of Hawaii’s Kīlauea Volcano have captivated viewers across the United States and around the world. The flow of lava has created remarkable visual images. It has also left a trail of destruction.

https://www.propertycasualty360.com/2018/06/14/volcanic-activity-insurance-considerations-for-bus/?slreturn=20180514172732

 

Federal health authorities say the number of illnesses linked a multi-state outbreak of salmonella from tainted eggs produced at a North Carolina farm has increased to 35. Two of the cases were in Florida

.https://www.news-press.com/story/news/2018/05/15/more-salmonella-outbreaks-linked-eggs-sold-florida-eight-other-states/609280002/

 

In a release yesterday evening, Ormat Technologies Inc. provided an update on the Puna geothermal power plant located about 15 miles away from the Kilauea volcano, which erupted on May 3, 2018 and which continues to erupt and flow lava.

Ormat taking steps to secure Hawaii geothermal plant in light of lava flows nearby

Restaurant chain Chili's is the latest retailer to report a data breach involving point of sale (PoS) security.

Brinker International, which operates over 1,600 Chili's restaurants globally, announced the data breach on May 12, after becoming aware of the security incident the day before. The company did not reveal how many customers have been impacted by the breach, though it did state that payment card information was stolen over a two-month period.

http://www.eweek.com/security/chili-s-discloses-data-breach-exposing-payment-card-information

 

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