Cyber Risk News

News Briefs

Arkansas P/C Claims Reports Hearing Scheduled The Arkansas Insurance Department will hold a public hearing July 27 to determine whether Insurance Commissioner Julie Benafield Bowman should revise and re-adopt Rule and Regulation 61, “Insurer Reports of Arkansas Property and Casualty …

New Markets

Outsourcing Coverage Nuts & Bolts: Lexington Ins. Co., a member company of American International Group, launched Outsourcing Protector, a new property insurance offering designed to help companies address the risks of domestic and overseas outsourcing. Outsourcing Protector, an endorsement to …

Conn. Gov. Rell Signs New ID Theft Protection Law

Under a new law signed by Governor M. Jodi Rell, consumers in Connecticut will have the right to put a security freeze on their credit files to prevent identity thieves from opening new credit accounts in their names. Also, businesses …

Survey: One in Five Americans Have Been Victims of Identity Fraud

With companies reporting data breaches seemingly every week, more people are becoming victims of identity theft, according to a survey of more than 1,850 Americans sponsored by Chubb Group of Insurance Companies. The survey found that 20 percent of respondents …

AIA Seeks to Improve N.C. Security Breach Legislation

Well-intentioned legislation aimed at fighting broad-based identity theft needs several changes before it can work effectively for property/casualty insurance policyholders, according to Raymond G. Farmer, Ameri-can Insurance Association assistant vice president of the Southeast Region. “Similar security breach legislation has …

Preferred/Standard Homeowners and Dwelling Fire

Nuts & Bolts: Rocklin, Calif.-based, Abram Interstate Insurance Services Inc. has a new preferred and standard homeowners and dwelling fire market with Travelers Ins. Co. Tailored endorsements include additional coverage endorsement, value added plus, high value plus and identity theft; …

AIA Seeks to Improve N.C. Security Breach Legislation

Well-intentioned legislation aimed at fighting broad-based identity theft needs several changes before it can work effectively for property/casualty insurance policyholders, according to Raymond G. Farmer, Ameri-can Insurance Association assistant vice president of the Southeast Region. “Similar security breach legislation has …

La. Man Arrested for Identity Theft

The Louisiana State Police reported that troopers from its fraud unit have arrested Sam Medica, age 42, of Alexandria, who is charged with LRS 14:67.16 Identity Theft (1 Count). The arrest follows a year-long investigation that began when insurance fraud …

Students Find Americans Willing to Pay for ID Theft Insurance

Americans willing to pay for a personal information protection insurance plan expect to pay $88 annually, according to an online survey by graduate student researchers at Boston University. The researchers link the public’s rising concerns over information security to increased …

Tips on Maintaining a Good Credit Score

The better your credit score, the better your chances are of getting a loan, being issued a credit card, renting a house, getting a job or receiving good auto and homeowner insurance rates. It all starts with building a track …