Hotel Insurance

/Tag:Hotel Insurance

Industry Survey Puts the Spotlight on Hotel Security Risks

An insurance industry survey on hotel security by Advisen, a firm providing insight into underwriting, marketing and purchasing commercial insurance, highlights several important findings. The survey respondents included Chief Risk Managers/Head of Risk Management Departments (63%), the head of Hotel Security/Loss Prevention (25%), member of Risk Management Department (6%) and Environmental Health and Safety staff [...]

How to Proactively Address Cyber Threats

Cyber threats is on everyone’s mind – the government, large corporations, and mid- to small-sized businesses across many industries – and rightly so. Last year was the worst year for cyber threats so far, with 740 million data files potentially viewed or stolen worldwide, according to a report, “Records Exposed Hit New High in 2013, [...]

Real Estate & Hotel Industries Calling for Terrorism Insurance Reauthorization

The Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is set to expire on December 31, 2014 and Congress has yet to extend it, with on-going debates taking place in the Senate on how to proceed. The insurance industry and businesses, including those in the real estate and hotel industries, have been calling on Congress to [...]

Employment Practices Liability A Top Risk Concern for Business Owners Including Hotels

Employee disputes are listed as a real concern for organizations across a broad spectrum of industries, according to this year’s Norton Rose Fulbright’s Annual Litigation Trends Survey. Nearly 50% of the survey respondents cited labor and employment issues as topping the number of cases their organizations faced in 2013. This not at all surprising considering [...]

Wyndham Data Breach Update: Court Upholds FTC’s Right to Sue Hotel

Over the past couple of years, we’ve have been following and blogging about the data breach that occurred at Wyndham Hotel Group and the resulting lawsuit that the Federal Trade Commission (FTC) filed against the hotelier. We feel this is a very important issue because of the escalating risks of cyber attacks and the potential [...]

Hotel Risk Management: Bracing for Data Breaches

In the past, we’ve discussed the fact that increasingly more companies are stepping up their efforts to stem cyber attacks and data breaches with preventative measures. Additionally, large and small organizations are realizing the need for Cyber Liability insurance to help protect company assets in the event of a breach. In fact, many in the [...]

Construction Spending Up for Hotels, Other Key Industries

In October we wrote about how commercial lending is up for real estate projects. Now, just recently released figures show construction spending for the U.S. hotel market is way up. According to U.S. Census Bureau data, spending in the hotel industry through July was up nearly 30% to $15.2 billion. Furthermore, architecture firms are also [...]

If Passed, Could ENDA Spark an Uptick in Employment Practices Litigation?

In our blog two months ago, we covered some of the issues that are poised to potentially affect the employment practices environment, including the unconstitutionality of DOMA, an uptick in religious discrimination and age discrimination, the use of criminal background checks for employment purposes, etc. Now we have ENDA, the Employment Non-Discrimination Act, once again [...]

Cyber Risks, Data Breaches on the Rise; More Purchasing Insurance to Cover Exposure

Whether it’s a large corporation, a government agency, or small business, news of cyber security risks today is an everyday occurrence. Recently, the New York Times website was maliciously attacked by a group known as the “Syrian Electronic Army”, and although this isn’t what most companies have to worry about, it is a new twist [...]

The Risky and Complex Landscape of Employment-Related Exposures

The number of charges filed by employees with the Equal Employment Opportunity Commission (EEOC) is near an all-time high, with lawsuits brought by employees representing one of the most common types of litigation faced by employers of all sizes. The number of charges filed with EEOC grew sharply from about 75,000 in 2005 to almost [...]