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:Â 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:Â 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 todayâ€™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:Â 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 floodÂ and other damageâ€” all in all, 2014 was not as bad as it could have been for natural disasters in the U.S.
Thatâ€™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 yearâ€™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:Â 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.
JoyceÂ 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 fire likely started in the area where)Â 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 buildingâ€™s design, which includes â€œfire stopsâ€ â€” 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 Marshalâ€™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 Boiseâ€™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 thawÂ 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:Â http://www.ktvb.com/news/Pipe-bursts-and-surges-through-Bodo-hotel-and-parking-garage-235964821.html
“…Most of the damage was from the sprinkler system…once a fire activates the system,Â the sprinklers will continue to pour water (up to 40 gallons per minute)Â until someone shuts them off…workers fromÂ a disaster recovery service, hauled fans and dehumidifiers to the damaged rooms. Workers had torn up soaked carpets from several of the rooms and at least half of one of the hallways…”
A small fire in a failed heating unit in an unoccupied room at the Holiday Inn on Glenwood Avenue on Thursday night caused extensive damage, but not because of the flames. Fire sprinklers doused the entire 10th floor of the building, soaking carpets, furniture and wallpaper. Damage extended to an estimated 25 percent of the building, according to a Raleigh Fire Department report.
About 70 firefighters arrived at the hotel just before 9 p.m. Thursday, but the sprinklers had already quenched the flames. No one was injured.
â€œThey are designed to put a fire out, and the only way they can do that is to flow a lot of water,â€ Hicks said.
Read more here: http://www.newsobserver.com/2013/11/29/3417282/fire-extinguishers-at-holiday.html#storylink=cpy
“…After extinguishing the flames in the area of a kitchen broiler, firefighters discovered â€œthere was fire in the wall behind the burner â€¦ and up in the ceiling…part of the wall had to be torn away and ceiling tiles had to be removed to finish quelling the blaze…a rough estimate put the damage to the restaurant at $100,000 â€” â€œa lot of that due to the cleanup that will be necessary…”
The TGI Fridays restaurant at the entrance to the Downtown Short Pump shopping center remained closed Monday after a fire erupted Saturday night. A manager said Monday that the restaurant could reopen in about two weeks.
The restaurant, at 11600 W. Broad St., was closed Saturday night after a kitchen fire erupted about 9:40 p.m. and the Henrico County Fire Department was called. Firefighters responded and had the blaze under control in about 30 minutes.
For more:Â http://www.timesdispatch.com/business/retail/tgi-fridays-restaurant-in-short-pump-remains-closed-after-fire/article_69e0e0bb-5790-5505-9dca-031e13fd3ac2.html
“…Sixty employees were without work following the fire. The business ownersâ€™ insurance coverage allowed the staff to continue earning a paycheck while the restaurant was closed…Calico County partner Scott Blair said they retained about 80 percent of their pre-fire staff and hired about 40 new team members for the re-opening…”
Calico County was forced to shutdown after a fire damaged the restaurant (in the early morning on November 26, 2012)… Police were alerted to the fire after receiving a call from an alarm company that a commercial burglary alarm went off at approximately 2:37 a.m. Monday, according to dispatchers with the Fort Smith Police Department.
Fort Smith police arrived at the scene and alerted the fire department when smoke was seen coming from the building. Fort Smith Department Battalion Chief Tery Graves said responders quickly put out the flames, however, the restaurant suffered severe smoke and water damage. According to a preliminary investigation, the fire appeared to have started in the kitchen area of the restaurant.
For more:Â http://5newsonline.com/2013/08/04/popular-fort-smith-restaurant-opens-back-up-after-fire/
“…Fire officialsÂ (reported) the restaurant manager had closed up for the evening but forgot to turn off the stove. The fire caused about $10,000 in smoke and water damage to the building…”
Firefighters rushed to save a popular barbecue restaurant on the Northwest side late Saturday.
AÂ fire broke out at the Bill Miller Bar-B-Q Restaurant in the 3200 block of Fredericksburg Road at 11:30 p.m. Saturday.
The stove caught fire but firefighters were able to quickly put out the blaze. The fire caused about $10,000 in smoke and water damage to the building.
For more:Â http://www.woai.com/news/local/story/Stove-sparks-fire-at-Bill-Miller-Restaurant/e0rTKN6bt0OHcOcpHKpAgg.cspx