Cyber Risk News

Keys to surviving it and thriving from it

To some outsiders, insurance agents are threatened with obsolescence. Commoditized products, the information available online and the decreasing value placed on personal relationships could lead insureds to devalue the role of agents and, instead, make decisions on their own. A …

8 Customer satisfaction doesn’t guarantee agent, insurer loyalty

U.S. has second-highest level of satisfaction 9 Calif. Commissioner Poizner sworn in Vows to keep office independent, nonpartisan 10 Calif. declares claims emergency Freezing temperatures create citrus losses 12 Biggest U.S. property cat losses were away from coasts Indiana, Missouri, …

Cyber liability market is older, wiser, smarter and still growing

The need for cyber coverage is growing. More companies are growing their revenue through online sales. As a result, they are becoming more exposed. Beginning a New Year provides an opportunity to reflect on challenges and threats in the insurance …

8 N.Y.’s Interboro Mutual’s back in

Long Island insurer reborn as stock insurer 8 Delaware agents groups to merge Group will be both Big ‘I’ and PIA 8 Mass. Diocese gives files to insurers Insurers may review handling of abuse cases 10 Royal & Sun Alliance …

10 Injured Ark. trucker wins court order for rehearing

Judge criticizes state Workers’ Compensation Commission 10 Accused of insurance fraud, La. police officer resigns Change in accident report at issue 10 La. Citizens gets nod to raise rates Statewide average commercial rates to increase 138.4% 12 Windstorm issues to …

N.H. Researchers Develop Tool to Measure Cyber Attack Threat

Hackers, terrorists and nations all use computers, but who really is capable of damaging the critical infrastructure of the United States? The University of New Hampshire has unveiled the UNH Cyber Threat Calculator, which assesses the level of threat any …

Ohio Nationwide Insurance Members’ Data Taken in Theft from Vendor

Computer records containing medical claim information, health data and Social Security numbers of 28,279 Nationwide insurance customers were stolen from the office of a vendor in Massachusetts, the company said. A lockbox that contained computer backup tapes was taken during …

New Ark. Attorney General to Target Identity Theft

Newly elected Arkansas Attorney General Dustin McDaniel announced a proposal aimed at preventing identity theft will be presented as part of his legislative package for the 2007 legislative session. “Essentially what you’ll see is a package of bills that fall …

La. Resident Pleads Guilty to Hurricane-Related Federal Fraud Charge

A Louisiana resident pleaded guilty in the U.S. District Court for the Middle District of Louisiana on a charge of fraud related to hurricane disaster relief programs, U.S. Attorney David R. Dugas of the Middle District of Louisiana announced. Juanita …

Virginia Bill Would Require Notice When Personal Data Is Lost or Stolen

Two Virginia lawmakers said this week that they will introduce legislation requiring government agencies and businesses to notify Virginians if their personal information is lost or stolen. Del. Robert Brink, D-Arlington, and Sen. Janet Howell, D-Fairfax, said at a news …