Cyber Risk News

Lack of Technology Can Raise Agency E&O Concerns

The use of technology is interwoven into agency procedures and practices, says Sabrena Sally, senior vice president of commercial insurance with Westport Insurance Corp., a subsidiary of Swiss Re and one of the largest writers of insurance agents’ errors and …

Assurant Offers ID Theft Protection for Financial Institutions

Assurant Specialty Property and National ID Recovery (NIDR) have launched a Red Flag ID fraud detection, notification and protection program for financial institutions and credit unions. Red Flag ID Fraud Solutions is a collaborative identity theft solution created in response …

Feds Charge 11 in Biggest-Ever Identity Theft Case

Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers. Eleven people, including a U.S. Secret …

New Markets

New Markets The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Builders Risk and Affiliated Exposures Market Detail: Atlantic Risk Specialists (www.arspecialists.com) brings builders …

HRH, Ponemon Institute Launch Privacy Breach Index

Hilb Rogal & Hobbs Co. has teamed with the Ponemon Institute, a privacy and information management research firm, to launch the Privacy Breach Index, a benchmarking tool that can measure a company’s response to data loss or theft, especially when …

AG: New Identity Theft Scam Targets Texas Debit Card Users

The Texas Attorney General’s Office reports that a new identity theft scam is targeting users of the Texas Debit Card, or EPPICard, to access child support payments. should beware of that targets EPPICard users. The Texas Attorney General’s Office and …

I.I.I. Offers Tips on Identity Theft Protection, Coverage

The U.S. Justice Department’s announcement last week that it had uncovered one of the largest identity theft schemes in U.S. history is a reminder for consumers to protect their financial information, say the insurance industry. “With the sophisticated computer hacking …

Feds Charge 11 in Biggest-Ever Identity Theft Case

Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers. Eleven people, including a U.S. Secret …

People

Narragansett Bay Insurance Co. of Pawtucket, Rhode Island has named Mark Talerico chief risk officer. Talerico will oversee Narragansett’s distribution of risk in homeowners insurance, and guide the insurers exposure management. Prior to joining Narragansett Bay, Talerico worked as senior …

Washington Residents Savvy About Identity Theft, Survey Says

While Washington state has one of the highest per-capita rates of identity theft in the nation, Washingtonians are aware of the risks and are taking the precautions necessary to prevent identity fraud, according to a survey by PEMCO Insurance. Overall, …