The speakers, panelists, roundtable hosts, and facilitators of the 2015 Hospitality Law Conference represent the full spectrum of key roles in the hospitality industry: Private attorneys, hotel and restaurant corporate counsel, risk managers,finance executives, real estate developers, human resources managers, loss prevention managers, insurance brokers, and hotel and restaurant owners, managers, and operators
Hospitality Insurance and Loss Prevention Summit: The Petra Risk Solutions Hospitality Insurance and Loss Prevention Summit converges insurance, risk, LP, legal and finance to break down the silos of these functional areas. As we do each year, we begin with the top claims that have occurred over the last twelve months and the best practices to prevent them from occurring at your hotel or restaurant. As Worker Compensation Claims are becoming more of a challenge for the industry, we will take a deeper dive into best practices for prevention, claims handling and back to work policies.
For more: http://bit.ly/1zX3RBh
For businesses, the main cost of a cyber attack involves the impact to their reputation and the resulting financial damages, as well as the loss of customer business. The breaches at Sony, Target, Staples and Home Depot demonstrated the damage that can be caused to corporate reputations. Seventy-one percent of customers indicated they would leave an organization following a data breach according to the Edelman Privacy Risk Index
The globalization of today’s economy means that businesses are more interconnected than ever, creating a greater risk of business interruption, supply chain disruption, and exposures that can quickly multiply.
According to UNCTAD, over the last 50 years the number of multinational companies has grown exponentially from 7,000 to almost 104,000, and could reach more than 140,000 by 2020.
The Allianz Risk Barometer 2015 surveyed more than 500 risk managers and corporate insurance experts in 47 countries to identify the primary challenges facing businesses this year. Some risks such as political upheaval, cybercrime and business interruption were viewed as a greater risk, while natural catastrophes, technological innovation and market stagnation were viewed as having less of an impact.
Here is a look at the top 5 business risks for 2015 as identified by the Allianz Risk Barometer.
For more: http://bit.ly/1unPPlX
The report says that it is possible that the U.S. may still have two to three years of near-average flood-related damage before the next catastrophic loss occurs, based on projections from historic data. The 2015 flood losses could total between $5-6 billion, with flash flooding events continuing to account for a large percentage of overall annual damage
Fewer tornadoes, a mild hurricane season, lower acreage lost to wildfires, overall less flood and other damage— all in all, 2014 was not as bad as it could have been for natural disasters in the U.S.
That’s according to global property information and analytics firm CoreLogic, which released its annual Natural Hazard Risk Summary and Analysis detailing the most significant natural disasters of 2014 and providing several projections for 2015.
The report provides a look at the year’s hurricanes, floods, hailstorms, tornadoes, wildfires, sinkholes, earthquakes, tropical cyclones and typhoon events in the U.S. as well as an international snapshot of the hazard events that caused significant damage across the globe.
For more: http://bit.ly/1DpKzDy
“…San Diego Fire crews tried to help fix the flooding, but the damage done is more than the firefighters were prepared to handle. Instead, an outside company that specializes in flooding cleanup was called in to deal with it…Guests rooms were not damaged in the flooding, hotel management told NBC 7. There was extensive damage to other areas of the hotel including some flooding into the lobby, they said…”
Guests are avoiding some major flooding after a big water line burst inside the W Hotel Monday night.
Water started leaking from the third floor, through the roof and down onto floors below around 8:15 p.m. inside the hotel at 421 W. B Street.
Joyce Baghtassarian was staying at the W Hotel on her trip to San Diego from Los Angeles. She was heading out the door to go to dinner when she noticed water flowing from the elevators.
For more: http://bit.ly/1rkkTGF
“..The men had gone to the hotel’s bar where they were served one drink, Antonietti said. Afterward, they were denied additional drinks because they appeared intoxicated, Antonietti said. Koenemann and Nitch, both 25, were then seen going into the fire exit stairwell, the prosecutor said. The men then allegedly turned on a water valve on the sixth floor that shoots 250 gallons of water out a minute…”
After they were refused service at the Trump Towers 16th floor bar over the weekend, three suburban men allegedly turned on a water valve in a stairway in the ritzy hotel, causing $700,000 in water damage.
Two elevators and some marble flooring were damaged as a result of the men’s actions, Assistant State’s Attorney Erin Antonietti said Tuesday.
For more: http://www.suntimes.com/news/crime/25677596-418/bar-patrons-refused-drinks-charged-in-700000-trump-tower-flood-prosecutors.html
“…(the fire likely started in the area where) a bathtub on the second floor overflowed for an extended period of time…the fire was likely electrical in nature…Most of the damage was limited to the back one-third of the hotel, thanks to the building’s design, which includes “fire stops” — concrete barriers between sections of larger buildings that help keep potential fires from spreading…”
Investigators say a fire that tore through the Days Inn in Wausau Saturday evening started in the same area where a bathtub overflowed earlier in the day. Investigators from the Wausau Police Department, Wausau Fire Department, and the State Fire Marshal’s Office were at the hotel at 116 S. 17th Ave. Sunday to look into the cause of the blaze that displaced at least 20 long-term residents.
Wausau Police Capt. Greg Hagenbucher said investigators were notified of an incident earlier on Saturday where an amount of water damage was caused when a bathtub on the second floor overflowed for an extended period of time. The damage occurred in the same area where the fire was discovered. Hagenbucher said the fire was likely electrical in nature and does not appear suspicious.
For more: http://www.wisconsinrapidstribune.com/article/20131215/WRT01/312150299/Updated-Days-Inn-fire-likely-electrical-tied-water-damage-from-overflowing-bathtub
“…it took some time for Boise firefighters to stop the broken line, drain the water and help dry out the lobby of the hotel and the parking garage…(hotels must) take some precautionary measures to keep pipes from freezing and especially as they start to thaw (such as) wrapping the pipes with heating tape…”
Saturday night at the Hampton Inn in Boise’s downtown a thawing fire suppression pipe burst and sent water surging. A first person video shows the amount of water that came flowing inside the parking garage, which Captain Ramey said was due to a frozen fire suppression pipe that was expanding and thawing.
It was not the first time the fire crews responded to the report of burst pipes as the temperatures in the Treasure Valley started to warm after our recent cold snap. Last Tuesday, pipes burst at the Tavern at Bown Crossing causing damage inside the building and forcing the restaurant to close for a couple days. Also, United Power workers were out last week helping more than 70 customers thaw their pipes.
General Manager of the Hampton, Erik Hansen, said the pipe burst in the garage area, which is not heated and the water poured below denting one car and covering another with water.
Hansen said they actually had a fire suppression pipe burst during last winter’s cold snap. It was in a completely different area of the building. He says they will now likely be wrapping the pipes with heating tape.
For more: http://www.ktvb.com/news/Pipe-bursts-and-surges-through-Bodo-hotel-and-parking-garage-235964821.html