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Data Breaches On the Rise

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In a recent study, nearly half of American Businesses have experienced data breaches in 2014, up 10% from 2013. DID YOU KNOW? A study conducted by the Ponemon Institute, a private research organization that studies information security policy, found that data breaches are on the rise. Nearly 43 percent of companies experienced a data breach…

Risk Management Summit – A Great Success!

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Our Risk Management Summit with Biedermann Hoenig Semprevivo, P.C. on Friday January 9th at Molloy College was a great success.  Non profit employers and educators came from all over the region to participate in an interactive forum and discuss the risks that have the greatest impact on their facilities and institutions. Crisis Management topics such as Title IX, Employment Practices,…

Disaster Preparedness

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Does your organization have a disaster preparedness plan? Last August, we at Waldorf Risk Solutions had to execute our disaster preparedness plan, and it wasn’t a drill.  On a beautiful Saturday evening in late summer 2014, a fire spread through our offices destroying the entire premises. Our clients never knew it happened,  With a solid disaster preparedness plan in place,…

Assets Held by Charitable Organizations Are Safe From Claims of Creditors in Bankruptcy Cases . . . Or Are They?

“Property of the Estate” is a very broad and sometimes vague term, which can often lead to disputes over held assets in a bankruptcy case. This ambiguity can be further complicated with large estates or the bankruptcy of charity or non-profit organizations. While many believe that assets like donations or pension funds are protected from creditors in the event of liquidation, some recent cases have shown that this is not always the case. The following article by authors Ileana M. Hernandez, Ivan L. Kallick and Jill S. Dodd examines how charitable organization assets like donations may be treated in a bankruptcy case.

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