March 7, 2010
Recent headlines underscore the importance of agents having written security plans to protect the privacy of their clients’ personal information. In the first case, the Virginia Bureau of Insurance fined an agent $1,000 in September for not having a written …
March 4, 2010
With more than 40 states now enforcing privacy and security breach notification laws, underwriters are working hard to scoop up the business this niche creates, while also tweaking their policy forms to provide the broadest and most comprehensive coverage. Over …
February 26, 2010
CNA has expanded education appetite with several product enhancements to its program for colleges and universities. The insurer’s appetite now includes for-profit private schools, universities and community colleges with an enrollment of 10,000 students or less. This expansion comes six …
February 21, 2010
Recent headlines underscore the importance of agents having written security plans to protect the privacy of their clients’ personal information. In the first case, the Virginia Bureau of Insurance fined an agent $1,000 in September for not having a written …
February 18, 2010
Travelers Construction Insurance and Travelers Bond & Financial Products have teamed together to offer the Wrap+ Fidelity and Crime coverage to the construction industry. The policy will help protect construction contractors’ assets from internal theft. According to the 2008 Report …
February 7, 2010
$35,200 The reduced fine issued to Walt Disney World by OSHA for a serious violation that contributed to the death of a 21-year old worker during a summer monorail accident last July. 11.7% The latest rate increase on homeowners policies …
February 3, 2010
The Louisiana Department of Insurance says a Baton Rouge agent has been served with two cease and desist orders, and two fine notices, for alleged insurance fraud, bank fraud, issuing worthless checks, filing false public records, felony theft and identity …
February 1, 2010
The Main Street America Group launched its new Main Line Business Owners Policy (BOP) property and liability product. The insurer also launched Main Street Station for commercial lines quoting and policy issuance system in Maine, Rhode Island, Vermont and South …
January 28, 2010
BlueCross BlueShield of Tennessee says the theft of computer hard drives containing personal information on hundreds of thousands of members has already cost the insurer more than $7 million. The insurer has already contacted 220,000 members in Tennessee and elsewhere …
January 27, 2010
U.S. businesses and government agencies are facing increasing risks of potential cyber attacks from China, according to a recent report. And IT departments that react defensively to such attacks may not be doing enough to prevent a “long term, sophisticated …