AVP of research and information for @BigINewYork. Student of insurance policy language. SU Orange and Red Sox fan. Would rather be playing my guitar.
Syracuse, NY
Joined September 2008
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Tim Dodge retweeted
Micron’s chips investment alone could increase the size of Syracuse area economy by a third, not even counting its knock-on effects.
(From @techreview technologyreview.com/2023/07…)
Tim Dodge retweeted
26 House Republicans voted to jeopardize green jobs in their own districts. That could become a political problem for them.
heatmap.news/republicans-mig…
Tim Dodge retweeted
In the framing of this great @DKThomp piece, my piece for @heatmap_news this week suggests a policy mechanism that can shift the dial on clean energy away from “backyard politics” to actualize the virtues espoused in “front yard politics”: heatmap.news/politics/teleco…
New piece from me on a very 21st century strain of political hypocrisy that I call "front-yard politics," how it so often distracts from substantive "backyard policies," and how linguistic radicalism everywhere so often distracts from substantive progress
theatlantic.com/ideas/archiv…
Tim Dodge retweeted
As we build our way out of the climate crisis, local communities deserve a say in how and where we build, but not a veto. Congress can help clean energy proliferate just as quickly as cellphones did.
Read more @heatmap_news: heatmap.news/politics/teleco…
Seriously? People are still doing this? Creating a PW that's easy to remember & hard for others to crack isn't difficult // Despite Warnings, Weak Password Policies Still Invite Cybercrime iii.org/insuranceindustryblo…
Insurance agents, your clients want to know more about their policies. This is where you can shine! ow.ly/vI4I50Mm0Po
Good information to keep in mind before making snap judgments on #HurricaneIan insurance claims
"Assuming flooding is the cause of loss of any Ian claim is something no insurer should make, particularly at this early stage post-loss." - @BonczykKM
ow.ly/Ions50KZYgI
Tim Dodge retweeted
Add this coverage to your renewal questions for all your commercial clients. Work with a wholesalers beforehand to understand the coverages before you wade in! #ActiveShooterRisk
Tim Dodge retweeted
Add this type of event to your disaster plan. The Big I offers a information on developing a disaster plan. This type of incident we often think: "It can't happen here!" Reach out to local law enforcement agencies; they often train or can recommend experts. #ActiveShooterRisk
Tim Dodge retweeted
Have written WPV Policy
Inform and train employees on what to do in a violent situation
Communicate that policy to all employees
Establish an effective EAP
Limited access to buildings
Security on premises
Exit interviews
Threat Assessments
Disaster recovery
#ActiveShooterRisk
Tim Dodge retweeted
Don't forget that some of these policies may include pre-loss assistance/collateral The last thing your insured wants to do is be caught without a critical incident response plan should a violent incident occur. #ActiveShooterRisk
And that figure was from before social media announced these incidents to millions within seconds
FYI to the underwiters - the last research revealing the amount per claim is $500K was published in the 1990s. The true current amount of risk is currently 10x's that amount at least given the duty to defend and duty to indemnify @PC_360 #ActiveShooterRisk
How do underwriters price these policies? What is the premium base? Are rates filed?
Initially these policies were embraced by university school systems municipalities. As a minimum premiums can be as low as $2000 we’re seeing lots of churches daycare‘s auto dealerships yoga studios restaurants pretty much every industry as nothing is immune #activeshooterrisk
Tim Dodge retweeted
Also, any of these incidents arise out of personnel/domestic violence that comes into the workplace, so NO BUSINESS IS IMMUNE today from an #ActiveShooterRisk
Tim Dodge retweeted
Similar to the introduction of cyber. agents and brokers need to review this coverage as we were seeing massive lawsuits and litigation regarding these mass shootings and I feel agents and brokers can and will be held accountable if they do not share. #activeshooterrisk
Tim Dodge retweeted
In states where extra contractual statutory bad faith litigation is permitted, an agent may be brought in as a possible defendant as well, or even in a common law theory #ActiveShooterRisk @PC_360
Tim Dodge retweeted
As an agent, we want to never answer the question: "Why didn't you tell me there was a coverage I could have bought that would have protected my assets?" This can fill important gaps like public relations assistance, rebuilds, increased security, training, etc. #ActiveShooterRisk
Tim Dodge retweeted
yes 100% agents are sometimes named in litigation under theories alleging they failed to properly review all risks with insureds. Review those circa 2022 risks, get the insureds to sign off on documentation & keep that evidence safe in the event of a lawsuit #ActiveShooterRisk
Tim Dodge retweeted
Restaurants, bars and taverns, businesses near where people congregate for example near arenas, and certainly school and public agencies all have heightened concern, so demand only grows as awareness of this critical coverage increases. #ActiveShooterRisk
"It'll never happen to me"
Lucy why do you think not enough businesses and employers feel this coverage is necessary in today's environment #ActiveShooterRisk