More small businesses may be purchasing cyber insurance today as compared to a few years ago, but agents still have work to do to help clients understand their unique risks and ensure they have the right coverage. That’s what panelists …
My recruiting career began 18 months before The Great Recession, so to say I’m seeing similarities between then and the current COVID-19 situation is an understatement. I remember the anxiety and uncertainty about the future. Would insurance agencies ever hire …
One of the most interesting and rapidly-growing technologies emerging for small business owners is the use of unmanned aerial vehicles, commonly known as drones. In 2019 alone, there were nearly 1.3 million registered drones in the United States and more …
Agents and brokers looking to expand their relationships with small and mid-sized businesses might try ramping up efforts to help them understand and manage enterprise threats, such as cyber exposures. While hacking incidents, ransomware and other cyber-related attacks are serious …
The insurance industry has been working to educate policyholders about the cyber risks their businesses face for many years, but the increasing frequency of ransomware attacks on businesses and municipalities is elevating this ever-changing risk to a new level that …
An elderly widow in Kentucky was admitted to a nursing home to recuperate from surgery. During her convalescence, her nonresident children visited the home frequently, though no one spent the night there, prepared meals, or otherwise lived in the home. …
The number of ransomware attack notifications against insurance clients increased by 131% in 2019 and the funds demanded by the attackers surged along with the counts. A new report from specialty insurer Beazley’s Breach Response (BBR) Services, cybercriminals have been …
Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market’s 2019 results. Neal said it is too early for the market to assess the …
What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed in late March — one against a cruise line and another against a pharmaceutical company that claimed to have developed a vaccine for COVID-19. There …
Attorneys representing Wyoming coal miners reached a settlement in a class action lawsuit against a bankrupt coal operator. The settlement with Blackjewel LLC of West Virginia requires final approval by a federal judge, The Casper Star-Tribune reports. The lawsuit alleged …
