Cyber Risk News

Homeowners want insurance carriers to offer identity theft coverage

More than 40 percent of consumers would like their homeowners insurance carrier to offer coverage for identity theft, according to a study released by J.D. Power and Associates. The “2006 Homeowners Insurance Study” reported that identity theft insurance is second …

Innovations in information technology spur need for up-to-date underwriters

With rapid innovations in the field of information technology, types of underwriting that didn’t exist a few decades ago have become prominent today. For example, companies engaging in information technology businesses face daily exposures from theft or damage caused by …

It Figures

$1.1 Billion Amount received in recoveries on behalf of claimants of the failed Executive Life Insurance Co., and its subsequent fraudulent acquisition by a French consortium, according to the California State Auditor. $42.9 million The cut in premiums State Farm …

Declarations

Ups and downs “It now appears clear that the industry’s record profits in 2004 and 2005, and the exceptional record profit about to be reported for 2006, are due in large part to the years of huge rate hikes in …

Mich. attorney general issues alert about new identity theft scam

Michigan Attorney General Mike Cox is warning consumers to be aware of a telephone scam in which phony information is transmitted through Caller ID as a ruse to con individuals into providing illicit callers with sensitive personal information. Cox also …

Homeowners want insurance carriers to offer identity theft coverage

More than 40 percent of consumers would like their homeowners insurance carrier to offer coverage for identity theft, according to a study released by J.D. Power and Associates. The “2006 Homeowners Insurance Study” reported that identity theft insurance is second …

Figures

$1.1 Billion Amount received in recoveries on behalf of claimants of the failed Executive Life Insurance Co., and its subsequent fraudulent acquisition by a French consortium, according to the California State Auditor. $42.9 million The cut in premiums State Farm …

Declarations

Ups and downs “It now appears clear that the industry’s record profits in 2004 and 2005, and the exceptional record profit about to be reported for 2006, are due in large part to the years of huge rate hikes in …

Innovations in information technology spur need for up-to-date underwriters

With rapid innovations in the field of information technology, types of underwriting that didn’t exist a few decades ago have become prominent today. For example, companies engaging in information technology businesses face daily exposures from theft or damage caused by …

Houston General Insurance Opens for Business in Texas

Independent insurance agents in Texas have a new option for insuring their best clients. Houston General Insurance Exchange announced that it is now offering personal lines products – including coverage for automobiles, homes, condominiums, watercraft and personal liability – to …