cyber liability News

Hackings, Emails Shine Rare Light on Texas-Based Intelligence Firm

Austin, Texas-based private intelligence analysis firm Strategic Forecasting Inc (Stratfor) was paid by Coca-Cola to gauge the threat of Olympic protesters, provided Dow Chemical information on environmental activists, and sells what clients and subscribers consider some of the best geopolitical …

NAS Appoints Palotay Senior Vice President Of Underwriting

NAS Insurance Services named Michael Palotay as senior vice president of underwriting. Palotay has been with Encino, Calif.-based NAS since 2009, managing production and strategy for the NAS underwriting department. He joined NAS as assistant vice president to develop a …

Liberty International Underwriters Launches Cyber Liability Products

Agents and brokers have three new options for technology risks from Liberty International Underwriters (LIU). The specialty lines division of Liberty Mutual Insurance has started offering a trio of new primary cyber liability products. Any of these policies will let …

EMC Insurance Rolls Out Data Compromise Product

EMC Insurance Companies launched a new data compromise and identity recovery product at the start of February. The organization touts this as one of only a few products that offers this kind of coverage. The product was designed for small …

Deloitte Advice for Insurers in 2012: Focus on New Products, Countries

Global economic challenges will make it difficult for insurers to generate growth and profits over the short and long term, however, they might improve their chances for achieving success in 2012 by focusing on new insurance products and on emerging …

CFC Underwriting Develops Cloud Coverage

Lloyd’s MGA CFC Underwriting has launched a new cyber liability product with wording to cover the risks of storing data in the “cloud.” CFC identified a gap in coverage for firms that use cloud computing services and designed the new …

Bulk of U.S. Data Theft Linked to Few Chinese Hacker Teams

As few as 12 different Chinese groups, largely backed or directed by the government there, do the bulk of the China-based cyberattacks stealing critical data from U.S. companies and government agencies, according to U.S. cybersecurity analysts and experts. The aggressive, …

Health Industry Lacks Patient Data Safeguards

New technologies are flooding into the healthcare world, but the industry is not adequately prepared to protect patients from data breaches, according to a report published Thursday. A vast majority of hospitals, doctors, pharmacies and insurers are eager to adapt …

1 in 3 in Massachusetts Hit by Data Breaches

The Massachusetts attorney general’s office said the personal information of about two million Massachusetts residents, or about one out of every three people who live in the state, has been compromised through electronic data breaches in the past 20 months. …

California Data Breach Shows Risk of Online Health Records

Until recently, medical files belonging to nearly 300,000 Californians sat unsecured on the Internet for the entire world to see. There were insurance forms, Social Security numbers and doctors’ notes. Among the files were summaries that spelled out, in painstaking …