Cyber Risk News

Defending Data

Data Security Breaches Present Emerging Risks and Opportunities for Agents Data security represents both a new market opportunity to sell insurance coverage and a new risk – especially for independent insurance agencies that may not be compliant with data security …

Great American Insurance Introduces Cyber Risk Policy

Great American Insurance Group introduced a new modular policy providing coverage for a variety of cyber risks. The ISO based-Internet Liability and Network Protection Policy (ILNPP) was developed to protect commercial enterprises, including not-for-profit organizations, from exposures inherent with the …

NAS Insurance Names Webb Marketing Rep for Specialty Reinsurance Products

Encino, Calif.-based NAS Insurance Services announces its collaboration with Jamie Webb, who will act as marketing representative of specialty reinsurance products. He will be responsible for marketing the company’s turnkey reinsurance programs including network security/cyber liability (NetGuard), employment practices, professional …

Defending Data

Data Security Breaches Present Emerging Risks and Opportunities for Agents Data security represents both a new market opportunity to sell insurance coverage and a new risk — especially for independent insurance agencies unable to comply with data security laws or …

People

Luke Proctor has been named president of Signature Select LLC, a new retail insurance subsidiary of Wichita, Kan.-based IMA. Proctor joined The IMA Financial Group in 2003 in the management development program, eventually focusing on strategic planning and special projects. …

Defending Data

Data Security Breaches Present Emerging Risks and Opportunities for Agents Data security represents both a new market opportunity to sell insurance coverage and a new risk — especially for independent insurance agencies that may not be compliant with data security …

Louisiana Insurance Agent Arrested

The Louisiana Department of Insurance reported that a St. Martinville insurance company employee has been arrested, served with a cease and desist order, notice of license revocation and a fine for alleged misappropriation of premiums, felony theft, forgery and identity …

RLI Launches Network Security, Privacy Breach Coverage

Peoria, Ill.-based RLI Corp. began offering its new network security and privacy coverage – CyberSecure – which insures losses from system vulnerability, security issues and a wide range of exposures to financial loss arising from network security and privacy breaches. …

It Figures

$210 Million Amount sought by a Baltimore man who alleges in a lawsuit that rogue police officers violated his civil rights in a public strip search. Thirty-five-year-old Navy veteran Daryl Martin is suing the city Police Department, former commissioner Leonard …

It Figures

$105 The current per vehicle assessment charged by the Michigan Catastrophic Claims Association to help pay claims of seriously injured accident victims. Michigan is the only state to offer unlimited lifetime medical benefits for people seriously injured in auto accidents. …