Cyber Risk News

Main Street America Adds Free ID Theft Coverage to Home Policies

The Main Street America Group is providing its homeowners policyholders with free identity theft resolution services should they fall victim to identity theft. The insurer is partnering with Identity Theft 911, a provider of identity theft resolution services and education. …

Minn. Travelers Introduces Insurance Company Bond Product

Minn.-based Travelers Insurance is offering increased protection for employee dishonesty fraud and other related losses under a newly-enhanced product recently introduced by the company. Travelers SelectOne(SM) for Insurance Companies Financial Institution Bond covers insurance companies for employee dishonesty and other …

AOL to Offer AIG’s ID Theft, Computer Coverage to Subscribers for Free

Free insurance coverage for identity theft and computer damage is among the premium security offerings AOL is making available to its dwindling base of paying subscribers. The move follows last month’s decision to give away AOL.com e-mail accounts, software and …

State and Federal Officials Team up for ‘Zero Tolerance’ Program in La.

Louisiana Attorney General Charles C. Foti, Jr., joined federal and state officials recently to introduce the United States Department of Justice “Zero Tolerance” program regarding the state’s The Road Home program. The “Zero Tolerance” program is a collaborative effort among …

Mich. Inmate Runs Identity Theft Scam from Prison Cell

Mich. Attorney General Mike Cox announced this week that Dale Morris, 42, an inmate at the Hiawatha Correctional Facility in Kinross, Mich., was sentenced to five to 20 years in the Chippewa County Circuit Court by 50th Circuit Court Judge …

Darwin Web Site Educates Brokers on Technology Liabilities

Farmington, Conn.-based Darwin Professional Underwriters, Inc. has debuted its new web site, http://www.tech-404.com/, dedicated to educating agents, brokers, and commercial insurance purchasers about the inherent technology and information liabilities facing traditional businesses, including cyber liability, Internet liability, and technology errors …

It Figures

$593 million The aggregate, policyholder surplus in 2005 of 25 risk retention groups rated by A.M. Best, compared to $545 million the prior year. Total assets were $1.69 billion, an increase over the prior year’s $1.5 billion. $50 billion The …

Jimcor Debuts Apartment Program for N.J.

Jimcor Agencies has unveiled a new apartment program for New Jersey on its online system. The program is designed for habitational risks with five to 15 apartment units in buildings of up to four stories. It can accommodate property values …

Houston General Enters South Carolina Personal Lines Market

South Carolina drivers and homeowners have new options for insuring their vehicles, homes and belongings. Houston General Insurance Exchange announced that it is offering auto, homeowners and package insurance to consumers in the Palmetto State. In addition to home and …

Thin ice

Identity theft costs American businesses and consumers a reported $50 billion and victimizes an estimated 10 million people in the U.S. a year, according to the Federal Bureau of Investigation. Recent reports suggest those numbers are going to continue to …