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Prolonged Pandemic Strains Health Care Providers, Heightens Error Risks

Prolonged Pandemic Strains Health Care Providers, Heightens Error Risks

More than a year into the COVID-19 pandemic, the relentless pressure on health care workers continues to exact a toll. Just this month, dozens of nurses at St. Vincent Hospital in Massachusetts went on strike to protest staffing shortages; a physicians union in Washington state staged protests over alleged safety violations and staffing shortages; and a national nurses union raised…

Proposed Federal Guidelines Mandate Weekly COVID-19 Testing at Nursing Homes

Proposed Federal Guidelines Mandate Weekly COVID-19 Testing at Nursing Homes

Nursing homes in some areas would be required to test staff and visitors for COVID-19 on a weekly basis under planned rules from the Trump administration. The testing requirement, announced July 22 as part of a set of initiatives aimed at further protecting nursing home residents from coronavirus, would apply to all nursing homes in states with a 5 percent…

Malpractice Concerns Amplified for Providers on Coronavirus Front Lines

Malpractice Concerns Amplified for Providers on Coronavirus Front Lines

A shortage of acute care doctors and nurses to care for patients suffering from COVID-19 has forced many medical professionals to assume new roles and responsibilities. They are working long hours treating an unprecedented volume of gravely ill patients, often in unfamiliar settings and with insufficient personal protective gear. Many are forced to make life-and-death decisions due to shortages of…

3 Risk Management Tips For Hospitals in the New Healthcare Environment

3 Risk Management Tips For Hospitals in the New Healthcare Environment

With new models of care evolving and new entrants into the market, there have been many changes in the healthcare environment since the passage of the Patient Protection and Affordable Care Act. Brad Rosgen, a healthcare practice leader at Farmington Hills, Mich.-based Burns & Wilcox, provides three risk management tips for healthcare organizations in the new environment.

Burns & Wilcox Canada Highlights Importance of Fraud Awareness

Burns & Wilcox Canada Highlights Importance of Fraud Awareness

Toronto, ON [March 10, 2014] – In support of Fraud Prevention Month, Burns & Wilcox Canada is encouraging Canadian organizations to re-examine the steps they take to protect themselves from fraud. According to the Shred-it 2013 Information Security Tracker survey, each year, the average organization loses an estimated 5 per cent of its revenues to fraud. Of those organizations, 49…

4 places you should not swipe your debit card

4 places you should not swipe your debit card

Breaking news such as the massive data breach at Experian or Target now seems common. Leaving aside the victims of actual fraud, I hear constantly from people who’ve had to swap out every debit and credit card, or whose cards were unilaterally replaced by their bank. This causes all sorts of problems.

6 Non-Cyber Risks for Technology Companies

6 Non-Cyber Risks for Technology Companies

Tech firms face multiple perils in addition to cyber risks. Read more at RiskandInsurance.com

Confusion Reigns

Confusion Reigns

Selling Cyber Products Requires a Sharp Eye For Ever-Changing Details. While carefully examining a cyber insurance policy, John Ahmuty, a broker for Swett & Crawford, uncovered a confusing requirement for coverage to be effective. According to the policy, the insured’s security software had to be the “most up to date.” Read more at LeadersEdgeMagazine.com

Avoid the Internet Plague

Avoid the Internet Plague

Most businesses that store customer data have an exposure to privacy liability. Cyber and privacy liability are now a necessity and should be a key component within the overall insurance portfolio for each client. Catch up with security risks and guard your clients against attacks. Cyber and privacy liability or data breach coverage can be compared to any new, innovative…

Insurance industry ponders risks of Bitcoin, digital currency

Insurance industry ponders risks of Bitcoin, digital currency

Within a cyber insurance industry niche chock full of inherent underwriting challenges is a fast-developing, controversial use of the virtual world. Cryptographic digital currency—most commonly referred to as Bitcoin since it is the world’s largest form of this currency—is gaining legitimacy. Late last year former Federal Reserve chairman Ben Bernanke told the Senate digital currencies “may hold long-term promise.” Read more at CyberRiskNetwork.com

Broker Beat: Fierce competition for more cyber buyers

Broker Beat: Fierce competition for more cyber buyers

More and more, data breaches are making mainstream headlines—from the massive breach at Target potentially affecting a third of the American population to the release of hundreds of thousands of personally identifiable information records from institutes of higher learning. The cyber market is buzzing, with reports of increases in submissions for cyber coverage. Read more at CyberRiskNetwork.com

2013 Medical Malpractice Payout Analysis

2013 Medical Malpractice Payout Analysis

Taking the data from the NPDB’s records, statistics were selected that will be both interesting and timely to doctors and all other medical professionals. At the beginning of the infographic there is also a line graph depicting the total payout amounts from 1992 to 2012. Read more at DiederichHealthcare.com

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