Van Beurden Insurance

October 8, 2020 In Cyber Risk Insurance By Casey Kolb

U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands – Should You Listen?

Washington, D.C. government has long advocated against paying ransoms to any individual or group, for any reason. Despite this position, ransoms have been paid, particularly in the area of cyber ransomware – a virus that lands on your server and holds your entire network hostage, till you pay the ransom. Click...

August 13, 2020 In COVID-19, Workers Compensation By Casey Kolb

The New Normal: How Can Your Business Protect Assets Today & Tomorrow?

The Insurance Journal recently published a surprising article about Business Interruption Insurance -- lawsuits have surpassed 700. Claims surrounding Business Interruption Insurance are complex and as a result will take years for everything to play out in court. Bottom line, there is a common feeling in the insurance industry that coverages...

April 1, 2020 In COVID-19, Workers Compensation By Casey Kolb

FAQ On Issues Affecting California Small Businesses

This is an unprecedented time for all. Van Beurden Insurance wants to help everyone navigate through this unknown territory. What is covered? What is not? What are your options as a business owner? Does Workers’ Compensation insurance apply to COVID-19? Workers’ Compensation insurance could apply in cases where a person contracted the...

March 18, 2020 In Cyber Risk Insurance By Casey Kolb

New U.S. Cybersecurity Report: Most American Businesses Are Unprepared

Are you prepared if a cyber attack occurred at your business? Are you prepared to pay the ransom if your cybersecurity was compromised? A new government report on cybersecurity warns that America is truly under prepared for cyber attacks and calls for the creation of a federally-funded center to develop cybersecurity...

February 5, 2020 In Cyber Risk Insurance By Casey Kolb

Cyber Insurance Rates Increasing as Ransomware Claim Costs Have Increased

Cyber insurance rates are ramping up and could increase by as much as 25% this year due to a surge of costly claims caused by hackers and the malicious ransomware programs they use to take down big and small systems that control everything from hospital billing to manufacturing. “Ransomware” is the...

January 13, 2020 In Professional Liability, Workers Compensation By Casey Kolb

How Our Risk Assessment Uncovered, Corrected Multiple Costly Risks

I recently met with a new prospect who agreed to go through my Risk Assessment Process -- the prospect is now my client. Our risk assessment process is meant to uncover risks and threats our new accounts potentially face and may not even be aware they have. During this specific meeting...

October 29, 2019 In Commercial Auto Insurance By Casey Kolb

Will the Auto Market Show Improvement?

A highly respected credit rating agency sees good and not-so-good news in the commercial auto market this year and next. A.M. Best has an overall negative outlook for the U.S. commercial auto insurance market – even though its analysts believe it should improve somewhat this year. The gloomy/happy forecast stems from commercial...

September 6, 2019 In Business Insurance, Workers Compensation By Casey Kolb

It Doesn’t Take a Weatherman to Forecast 2020 Reinsurance Price Hikes Due to Hurricanes

Ratings agencies like Fitch, Moody’s and S&P Global are expecting higher reinsurance renewal rates in 2020, caused by big insurance losses from hurricanes, wildfires and other natural disasters over the past two years. For several years we’ve grown used to rates falling due to competition and fewer natural disasters. Renewal rates...

May 14, 2019 In Auto Insurance, Business Insurance By Casey Kolb

Will the Commercial Auto Market Improve?

With the auto sector taking rate increases, what are business owners doing to minimize the increase to their bottom line? What procedures are they putting in place to minimize the rate increase? What does the future look like and how will auto rates impact future budgeting cost for business...

February 13, 2019 In Business Insurance, Workers Compensation By Casey Kolb

Work Comp Rates Are Rising Again. What to do?

What Van Beurden Insurance predicted has come to pass: Workers’ Compensation Insurance rates are going up, up, up. It was inevitable. The cycle between rates up and rates down used to be abrupt and surprising, but now, after Work Comp was stabilized in California several years ago; the rise in rates...