Cyber Risk News

Identity Fraud

Nuts & Bolts: Chicago-based Encompass Insurance has launched an identity theft insurance program. Encompass Identity Fraud Coverage provides coverage for expenses resulting from attorney fees, loan expenses, lost wages and other costs. Dollars: Limits up to $20,000 (may vary by …

Encompass Unveils Identity Fraud Coverage

Encompass Insurance has launched an identity theft insurance program to protect customers from the costs that result from having their identity stolen. Encompass Identity Fraud Coverage provides up to $20,000 (may vary by state) in coverage for expenses resulting from …

Workplace Violence

Nuts & Bolts: Philadelphia Insurance Companies is offering a Flexi-Five non-profit D&O policy that provides traditional D&O coverage along with: workplace violence coverage, Internet liability coverage, employment practices liability and fiduciary liability. The policy also includes optional duty to defend …

ITAA, The St. Paul Offering Program for Tech Sector

The Information Technology Association of America (ITAA) and The St. Paul Company have unveiled InsureIT®, an expanded affiliate insurance program especially designed for information technology companies. The program provides tailored technology business insurance and will also deliver educational opportunities in …

AIA Says Calif. Assembly Internet Measure is flawed

A measure approved by the California State Assembly has put Internet privacy on center stage, but won’t solve the real problem of identity theft, according to the American Insurance Association (AIA). “A real-life hacking incident has brought the issue of …

Philadelphia Ins. Expands DO to Cover Workplace Violence, Internet, EPL

June 3, 2002 Philadelphia Insurance Companies’ announced the introduction of their new “Flexi-Five® non-profit D&O policy,” described as “providing traditional D&O coverage along with: Workplace Violence Coverage, Internet Liability Coverage, Employment Practices Liability, and Fiduciary Liability.” The company indicated it …

Farmers Home Group Offers Identity Theft Protection Plan

Minnesota-based Farmers Home Group is partnering with PromiseMark, ™ Inc. of Fairfax, Va., to offer the comprehensive Identity Theft Protection Plan through the FHG Network at www.farmershome.com. Farmers Home said the Plan is a total preventative and restorative solution that …

LexisNexis™ Insurance Solutions Launched to Facilitate Investigations and Information Verification

News and information provider LexisNexis™ has launched an online investigative tool for insurers, LexisNexis™ Insurance Solutions, using public records’ collections to facilitate investigations and information verification. The subscription-based service is available to special investigative units, fraud unit managers and investigators, …

Liberty International Underwriters Offering Cyber Insurance through Cogentric Alcon Software

Liberty International Underwriters (LIU), a division of Liberty Mutual Group, has contracted with New-Hampshire based Cogentric to utilize Cogentric’s Alcon Security Systems to help businesses manage cyber risks. LIU will now offer coverage for Internet-related errors and omissions, copyright infringement, …

I.I.I. Says Organized Crime Costs NY Drivers $2 Million a Day

Two million dollars a day is stolen from honest New York drivers, according to the Insurance Information Institute (I.I.I.)., which results in adding $124 to the cost of a typical auto insurance policy, and increases the likelihood that drivers will …