Cyber Risk News

It Figures

6.4% The workers’ compensation rate increase approved by Florida Insurance Commissioner Kevin McCarty effective April 1. The increase reflects the impact from the Oct. 23 Florida Supreme Court opinion in the case of Emma Murray v. Mariner Health Inc. That …

It Figures

5.4% The average decrease the Automobile Club of Southern California customers will receive for auto insurance policies beginning on April 1, 2009. The company announced it would be implementing a $101 million rate reduction for insurance policyholders in California. The …

Arkansas Lawmakers Back Seat Belt, Teen Driver, Credit Report Laws

New restrictions on teen drivers and legislation allowing police to pull over motorists for not wearing their seat belts advanced in the Arkansas Legislature. Meanwhile, senators gave final approval to a bill that requires proposed legislation to say if it …

Identity Theft On the Rise But Costs per Incident Fall Sharply, Report Finds

The number of Americans ensnared by identity theft is on the rise, but victims are striking back more quickly and limiting how much is stolen. In 2008, the number of identity theft cases jumped 22 percent to 9.9 million, according …

The Main Street America Group Introduces Main Line BOP

The Main Street America Group, a super regional property/casualty insurance carrier, announced the availability of its new Main Line business owners policy (BOP) product and Main Street Station for commercial lines quoting and policy issuance system in Arizona, Nevada, Pennsylvania …

Lockton Launches Outsourcing, Data Breaches Risk Management Service

Lockton announced that is launching a unique set of risk management services to help companies address outsourcing risk and corporate response plans for data breaches. “These services are supported by leading cyber insurance underwriters at Lloyd’s–ACE Global Markets, Brit Syndicates …

NAS Insurance Services Appoints Palotay Assistant VP

Encino, Calif.-based NAS Insurance Services has named Michael Palotay assistant vice president and manager of errors and omissions and the technology liability department. Palotay brings extensive underwriting experience and marketing expertise to NAS. In his former position as senior insurance …

Motorists Mutual Enhances Identity Theft Protection for Businesses

Motorists Mutual Insurance Co. is helping its commercial policyholders guard against identity theft and minimize the financial impact if a breach occurs. The company introduced its Security Breach Response Service provided by Identity Theft 911, the data breach resolution and …

Zurich Names Sagalow as Chief Innovation Officer

Zurich North America named Ty R. Sagalow as executive vice president and chief innovation officer in the company’s North America Commercial Marketing unit. In his new position, Sagalow will oversee all of North America Commercial’s strategic product development initiatives in …

People

Markel Corp. has promoted Henry Lopez to executive vice president for the Markel Midwest region. Lopez has been with Markel since 1995 and most recently was the vice president, director of business development for underwriting administration. He also held a …