Blog — Topical News

Tuesday, September 8, 2015

Life Happens Life insurance has evolved to keep up with changing consumer demands

The following guest blog is written by Ted Kotsakis, Chief Executive Officer of PLUS Financial Network. He has been in the insurance business since 1985 and has held managerial positions with Prudential and AIG Life prior to creating PLUS Financial Network.

Ted is a current member of NAILBA, NAIFA and AALU and is a past President of NAIFA of Greater Detroit. Ted's unique experience and...

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Tuesday, August 18, 2015

Common Questions on Storm Damage Insurance

A few weeks ago, an incredibly powerful series of thunderstorms, including what was believed to be a tornado, went through Leelanau County, Michigan, where my Northern Michigan office is located, as well as most of Grand Traverse County. There was an incredible amount of destruction to both residential and commercial property, as well as damage done to various crops, including grapes, which support our local winery businesses. The following are some common...

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Tuesday, June 23, 2015

Be Careful - A Letter of Intent Could Be Binding

Business people who agreed on the general terms of a transaction often sign a "Letter of Intent" that lays out these terms in writing. The idea is to make sure that everyone is on the same page while a formal contract is being drafted. But what happens if you sign a Letter of Intent with someone and then they walk away from the deal? Is that okay? In general, the answer is “yes” – a Letter of Intent isn't a binding contract; it is merely an...

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Tuesday, June 23, 2015

Employment Law Handbook

The U.S. Department of Labor publishes a guidebook to provide businesses with general information on the laws and regulations that the Department enforces. The guidebook describes the statutes most commonly applicable to businesses and explains how to obtain assistance from the Department for complying with them.

The Employment Law Guide: Laws, Regulations and Technical Assistance Services can be accessed at...

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Tuesday, June 23, 2015

Federal Advertising Guidelines for Businesses

 The Federal Trade Commission Act prohibits advertising that is untruthful, deceptive or unfair, and it requires advertisers to have evidence to back up their claims. There are also other federal laws applicable to advertisements for specific types of products and state laws that apply to ads running in particular states. An advertisement is unfair if it causes "consumer injury." The Federal Trade Commission (FTC) uses a three-part test to...

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