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Category Archives: Uncategorized

How CPAs, CFOs, Finance Staff Can Fight Off Executive Impersonation Cyber Attacks

How CPAs, CFOs, Finance Staff Can Fight Off Executive Impersonation Cyber AttacksThe American Institute of CPAs (AICPA) is looking to better equip CPAs, finance chiefs and their staffs across all industry sectors with measures to fight off cyber attacks that involve impersonating executives in order to get employees to transfer large sums of money between subsidiaries or to suppliers on behalf of the company. This type of cyber crime is part of a growing risk known as business email compromise (BEC), …

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Fiduciary Liability: A Look at Recent Spate of University Lawsuits over Retirement Plan Fees

Fiduciary Liability A Look at Recent Spate of University Lawsuits over Retirement Plan FeesIn August several prominent U.S. universities made headline news when they were sued by a number of employees that alleged their retirement savings were fraught with excessive fees. The first three of these universities that hit the news were Massachusetts Institute of Technology (MIT), New York University (NYU) and Yale – each with retirement plans holding more than $3 billion in assets. Following on the heels of this news, it …

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New York Introduces Medical Malpractice Legislation to Change Statute of Limitations

New York Introduces Medical Malpractice Legislation to Change Statute of LimitationsState lawmakers in New York are looking to amend the statute of limitations on malpractice cases against hospitals and physicians. Presently, patients have up to 15 months to file a lawsuit against a public hospital and two-and-half years to sue a private hospital or a physician after a medical error occurred. The proposed legislation would change the statute of limitations to starting at the time of the discovery of the …

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NAI Agreement Renewed

Franklin Lakes NJ
May 12, 2015
Axis Insurance Services, LLC (AIS) is pleased to announce it has renewed its partnership with NAI Global as an Prominent Provider for Professional Liability and Insurance products for another 2 years.  NAI Global is a premier commercial real estate network with 375 offices and more than 6,700 professionals.

Axis Insurance Services, LLC is a nationally insurance broker specializing in professional and management liability insurance …

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EPLI: On the EEOC’s List: Protection for Transgendered Employees

Recent EEOC Activity Looks at Transgender Discrimination in the WorkplaceRecent EEOC Activity Looks at Transgender Discrimination in the Workplace

Olympic gold medalist Bruce Jenner may be making all the headlines with recent revelations of his transition to becoming a woman, but it’s the Equal Employment Opportunity Commission (EEOC) that’s working to protect transgendered employees under Title VII. Title VII of the Civil Rights Act of 1964 prohibits employment discrimination based on race, color, religion, sex and national origin. 

Transgender …

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E&O: Indiana Insurance Agent’s Fiduciary Responsibility Remains Unclear

E&O: Indiana Insurance Agent’s Fiduciary Responsibility Remains UnclearAn Indiana dental practice after incurring $500,000 in damages due to a fire learned that the contents coverage of its insurance policy it had maintained for over thirty years was inadequate to cover the loss. The dental practice sued the insurance agency, claiming it had a “special relationship” with the firm that entitled it to a full review of the adequacy of its coverage. The lower court ruled in the …

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Axis Employees attend NAI Global Conference in Las Vegas

Axis Employees attend NAI Global Conference in Las Vegas

By Drew M Smith

Representatives from Axis Insurance Services attended the NAI Global Convention in Las Vegas from February 3rd to the 5th. Attending was the CEO Mike Smith and the Marketing Specialist Drew M Smith.

Mike presented to the Property Management Council while attending the conference which included over 700 commercial real estate professionals. He discussed topics …

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Anthem’s Breach Highlights Calls for Stronger Cyber Security, Gap in HIPAA

Anthem’s Breach Highlights Calls for Stronger Cyber Security, Gap in HIPAAAnthem’s Breach Highlights Calls for Stronger Cyber Security, Gap in HIPAA

Health Insurer Data Breach Spotlights Vulnerabilities

Back in December we featured a report by Experian that highlighted the healthcare industry as one of the most vulnerable to data breach and will see increasingly more attacks in 2015. The risk is so great that in April of 2014, the FBI released a private notice to the healthcare industry warning providers …

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Record Retention Rule for CA Real Estate Agents Amended to Omit Social Media

Record Retention Rule for CA Real Estate Agents Amended to Omit Social MediaRecord Retention Rule for CA Real Estate Agents Amended to Omit Social Media

Documentation of All Communication Helps Mitigate E&O Exposures

Under the California Business & Professions Code Section 10148, real estate agents are required to keep their transactions files for three years. If an agent cannot produce a transaction file during this period in the event of any audit by the Bureau, he or she can be suspended and …

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How Prepared is Your Insurance Agency for an E&O Claim?

How PrepareHow Prepared is Your Insurance Agency for an E&O Claim?d is Your Insurance Agency for an E&O Claim?

Subhead: E&O Insurance Agency Claims Common

Individuals across the U.S. file 15 million civil cases each year and spend more money on civil litigation than any other industrialized country. Moreover, these costs are only continuing to increase. According to actuarial consulting firm, Towers Watson, the American civil liability system cost about $265 billion in 2010 in direct costs – …

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