House Passes The 21st Century Flood Reform Act - What's in it?

    Posted by Soules Insurance on Fri, Nov 17, 2017


    On Nov. 14, the U.S. House of Representatives passed the 21st Century Flood Reform Act (H.R. 2874) to address the issue of the cost of repeatedly flooded properties draining the National Flood Insurance Program (NFIP), which is already in significant debt.

    There are five sections to the bill: policyholder protection and information, increasing consumer choice through private market development, mapping fairness, protecting consumers and individuals through improved mitigation, and program integrity. Here are the highlights of each section:

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    Tags: Flood, NFIP, 21st Century Flood Reform Act, H.R. 2874, Flood Reform, Flood Reform Act, National Flood Insurance Program

    How to avoid buying a flooded car in the wake of Harvey

    Posted by Soules Insurance on Tue, Nov 14, 2017

    In the destructive aftermath of Hurricanes Harvey and Irma, hundreds of thousands of new and used cars were left flooded. While many end up being sent to the scrapyard, oftentimes flood-damaged cars can be sold again to unsuspecting consumers, leaving them with a faulty car and a significant loss of money.

    According to a recent report from Carfax, about 325,000 flooded vehicles were already in use across the country, a 20 percent increase from 2016. Now, hundreds of thousands more could join them. Some reports indicated that 500,000 to 1 million vehicles may have been flooded during Harvey alone.

    Continue reading to find out how you can spot a vehicle that may have suffered flood damage during Harvey.

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    Tags: Flood Damage, Hurricane Harvey, Flooded Vehicles, Damage from Hurricane Harvey, Flood Damage to Vehicles, Harvey Damage, How to avoid flooded vehicles, Flooded Cars, Hurricane Irma

    Recognizing Those Who Served - Veterans Day 2017

    Posted by Soules Insurance on Fri, Nov 10, 2017

    We would like to take a moment to thank our clients, employees, and friends for their service in the U.S. military.  We appreciate your dedication, the risks you accepted, and the outstanding job that you did in the service of your country.

    Veterans Day is a great opportunity for us to express our gratitude to the brave military personnel and their families for the sacrifices they have made to preserve our freedoms. 

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    Why your employees' driving record can be a reflection on your company

    Posted by Soules Insurance on Mon, Nov 6, 2017

    You’ve seen it before – a good employee makes a horrible decision in his or her personal vehicle. What are the implications for your company if the employee’s license is revoked, canceled, or suspended due to alcohol, controlled substance or felony violations?

    As an employer, you are caught in the balance between a good employee and the potential for vicarious liability, which holds you responsible for the actions or omissions of another person – in this instance, your employees.  As a result, you need to understand the “Doctrine of Negligent Entrustment” and the potential impact that your employees’ decisions can have on your business.

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    Tags: Business, Driving Record, Company, Doctrine of Negligent Entrustment, Negligent Entrustment, Employees, Protect Your Company

    Don't be tricked this Halloween - Top 5 Insurance Tips

    Posted by Soules Insurance on Mon, Oct 30, 2017

    Halloween can be fun for the young and young at heart, but it can also be a bit scary if you’re unprepared for the potential hazards due to an influx of visiting vampires, ghosts, and Disney characters.

    Do you know if you're properly covered by your homeowners' insurance company?

    The average consumers don't read every paragraph of their homeowners' insurance policies when they're first issued — and are even less likely to pull the policy off the shelf, dig through old emails or log in to find it online. Unfortunately, this means that many are unaware of the potential issues faced by homeowners when scary little visitors come calling.

    We’ve compiled five simple questions to ask yourself or your agent this October to make sure you’re covered for any unexpected tricks.

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    Tags: Halloween Safety, Halloween Risks, Insurance Risks, Halloween Night, Halloween Insurance Tips

    Reduce Fall & Winter Property Damage and Insurance Costs

    Posted by Soules Insurance on Fri, Oct 27, 2017

    With winter on the way, we’re heading into a busy time of year that includes several major holidays coming back-to-back. 

    Although it’s called “the most wonderful time of the year,” it can feel like the most stressful time of the year. And the last thing anyone wants to add to their to-do list is worrying about damage to their home and the accompanying insurance costs (if insurance even covers the damage).

    Here are some common wintertime considerations to keep your home safe and reduce — or even prevent — possible insurance risks:

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    Tags: Property Damage, Home Property Damage, Home Damage, Fall, Winter, Winter Damage, Cold Weather Damage, Cold Weather, Reduce Damage, Reduce Property Damage, Insurance Costs, Reduce Insurance Costs

    New Cyber Vulnerability Puts Wi-Fi Networks at Risk to Hackers

    Posted by Soules Insurance on Tue, Oct 24, 2017

    Recently, Mathy Vanhoef, a researcher from a Belgium university, discovered a security flaw in Wi-Fi Protected Access II (WPA2)—a protocol that secures almost all modern, protected Wi-Fi networks. Through this newfound vulnerability, hackers can potentially gain access to encrypted information using what is called a key reinstallation attack (KRACK).

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    Tags: Cyber Hack, Wi-Fi Networks, Wi-Fi, Cyber Attacks, Cyber, Cyber Hackers, Hackers, Hacker, Cyber Vulnerability

    National Teen Driver Safety Week: What you can do

    Posted by Soules Insurance on Fri, Oct 20, 2017

    For teen drivers still assimilating to the road, practicing safe habits can mean the difference between avoiding accidents and their fallout, and driving longevity. However, many teen drivers continue to be distracted and put themselves and others at risk.

    In 2015, 1,972 teen drivers of passenger vehicles were involved in fatal motor vehicle traffic crashes; an estimated 99,000 teen passenger vehicle drivers were injured in motor vehicle traffic crashes. What can we do to lower these numbers?

    This year, on October 15-21, 2017, National Teen Driver Safety Week has information for parents who may be unsure how to approach the subject with their teen drivers. Multiple campaigns fall under National Teen Driver Safety Week, so here's what you need to know:

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    Tags: Teen Safety, Teen Drivers, Teen Driver Safety, National Teen Driver Safety Week, Driver Safety

    President Trump Signs Executive Order Affecting the ACA

    Posted by Soules Insurance on Tue, Oct 17, 2017

    On Oct. 12, 2017, President Donald Trump signed an executive order intended to change certain rules under the Affordable Care Act (ACA). The order would relax regulations on association health plans. This change could allow individuals and small businesses to purchase health insurance policies across state lines and avoid certain ACA requirements.

    The executive order also directs the Departments of Labor, Health and Human Services, and the Treasury (Departments) to consider expanding the availability of low-cost short-term, limited-duration insurance and health reimbursement arrangements (HRAs).

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    Tags: Affordable Care Act, ACA, Consumer Healthcare, President Trump, Executive Order, Health Care Bulletin, U.S. Health Care System, Consumer Health Care

    How to Prepare Your Business for an Active Shooter

    Posted by Soules Insurance on Thu, Oct 12, 2017

    An active shooter is an individual actively engaged in killing or attempting to kill people in a confined and populated area. To best prepare your staff for an active shooter situation, create an emergency action plan (EAP) and conduct training exercises. Together, the EAP and training exercises will prepare your staff to effectively respond and help minimize loss of life.

    Listed below are the U.S. Department of Homeland Security’s guidelines on how to best prepare your business for an active shooter.

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    Tags: Emergency Plan, Evacuation Plan, How to prepare your business, Active Shooter