Cyber Risk News

Study: Many Employees Undermine Data Breach Prevention Strategies

Many employees disable the encryption solutions on their laptops, putting their employers at risk for data breaches, according to a study by Absolute Software Corp. and the Ponemon Institute. The study, “The Human Factor in Laptop Encryption: US Study,” examined …

Lost Oklahoma Flashdrive Contained Social Security Numbers

The Oklahoma Employment Security Commission says the Social Security numbers of more than 5,500 people is on a flashdrive that was lost by an employee. Commission spokesman John Carpenter says the employee put the information on a flashdrive after his …

Motorists Insurance Offers Tools to Address ID Theft, ‘Red Flag’ Rules

Columbus, Ohio-based Motorists Mutual Insurance Co. announced it is offering educational resources to commercial lines policyholders to help them comply with new federal regulations concerning data security and identity theft. Motorists Mutual is giving commercial policyholders online access to a …

Data Security Presents a Risk — and Sales Opportunity — for Agents

It’s An Enormous Market That Includes Main Street Businesses Doing Credit Card Transactions Data security represents a new risk for independent insurance agencies that may not be compliant with data security laws or have plans in place to protect their …

Business Moves

INSURICA North America Group, a privately held independent insurance agency headquartered in Oklahoma City, is bringing each of its insurance management partners together to form INSURICA, The Insurance Management Network. The company, which is celebrating its 50th anniversary, felt the …

Renewal Strategies in Challenging Times

In today’s challenging times, retaining current agency business is more important than ever. Below are a few tips to help your agency retain its renewal business. Be Out There Early The producer needs to go see their clients at least …

Agents Can Help Fight Insurance Fraud

Insurance agents can play a big role in helping states to fight insurance fraud. And with insurance fraud costing California alone $15 billion each year, or $500 per resident, the cost of which is eventually passed onto consumers, they should …

Recession Increasing Insurance Fraud

Does a bad economy increase crime? Analysts have debated that question for years, according to Mike McKee, senior special agent for the National Insurance Crime Bureau. While it’s too soon for statistics to confirm whether recent events like the mortgage …

United Risk Appoints Sellers Security Compliance Officer

Sellers, risk management advisor at United Risk Solutions Inc. in Medford, Ore., has been appointed security compliance officer. In this new position, he is responsible for maintaining and monitoring the firm’s program to protect the security, confidentiality and integrity of …

Roach Howard Smith & Barton Launches New Specialty Practice Group

Dallas-based Roach Howard Smith & Barton (RHSB), an independent insurance brokerage firm and Assurex Global partner, expanded its firm to include a new Technology, Life Science & Media (TLM) specialty practice group. Traditionally, technology, life science and media are industries …