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Congress Considers Flood Insurance Reforms

The National Flood Insurance Program (NFIP) is one of the few ways to get insurance coverage for flood risks, and the program is set to expire later this year. However, Congress is currently examining a number of possible changes to the NFIP before it’s reauthorized.

One of the most important topics regarding the NFIP is its financial stability. The program is currently $24 billion in debt as a result of rising claims costs and severe weather events, and some lawmakers believe that the program needs substantial reforms in order to remain viable.

The following are some of the changes that are being considered to the NFIP:
• Making private flood insurance more available to consumers
• Limiting payments to properties that flood repeatedly
• Reducing taxpayer subsidies for flood insurance
• Creating financial incentives for flood mitigation

Contact us at WGBCO with questions on how we can help you with flood coverage. 916-380-5300

Filed under: Personal Insurance — Jillian Bender-Cormier @ 6:35 pm July 19, 2017


Preventing Workplace Violence

As reports of shootings and other violent incidents become more common, workplace violence is a topic than no business can ignore. According to the U.S. Bureau of Labor Statistics, workplace homicides rose 2 percent in 2015, the latest year for which data is available. Additionally, the number of workplace shootings increased by 15 percent.

The best way to address potential acts of violence at your business is to be prepared to act before, during and after an act of violence occurs. Here are some programs you can use to ensure the safety of your employees and customers:

• Pre-employment screenings—Background checks can help identify candidates who have violent histories.
• Security—Security systems can ensure that only employees have access to certain areas.
• Alternative dispute resolutions—Techniques like facilitation and mediation can help solve a conflict before it escalates.
• Threat assessment teams—A designated team can work with management to assess the potential for violence and develop an action plan.

Stay tuned for ALICE (Alert, Lockdown, Inform, Counter, Evacuate) Training available through WGBCO. Classes and training will be announced in August, 2017!

Filed under: Recent Headlines,Safety — Jillian Bender-Cormier @ 6:26 pm July 12, 2017


New Study Demonstrates the Dangers of Talking While Driving

It’s commonly known that smartphones, entertainment systems and other electronics can be a dangerous distraction to drivers. However, a new study from the University of Iowa found that simple conversations can also cause unsafe driving conditions.

The study used eye tracking equipment to analyze where subjects were looking and how long it took them to focus on a new object. Some subjects were also asked true or false questions at the same time in order to simulate a simple conversation. Data collected from the study found that subjects who answered questions took twice as long to focus on a new object than those who were asked no questions.

Although engaging in conversation seems simple, it involves a number of complex tasks that the brain must handle simultaneously. Even if the topic of conversation is straightforward, the brain has to absorb information, overlay what a person already knows and prepare to a construct a reply. And, although this process is done extremely quickly, it can also slow down reaction times and lead to a dangerous accident on the road.

The best way to keep your employees safe while driving is to encourage them to eliminate or turn off all potential distractions, including their cellphones and any hands-free accessories they may use to make a call. You can also consider including language about safe driving practices in your workplace safety policies.

Filed under: Safety — Jillian Bender-Cormier @ 6:12 pm July 5, 2017