Cyber Risk News

More from Conn. Big ‘I’ Gathering: Insurbanc Turns Profit; Agencies Face Privacy Demands

While the brokerage investigations took center stage at the mid-year meeting of the Independent Insurance Agents of Connecticut (IIAC), agents did get around to other subjects including how their own bank is doing and what they should be doing about …

Nine Ways to Get Personal When Selling Business Insurance

Every business insurance prospect yearns to be treated as an individual. No serious executive, regardless of their firm’s size, wants their company’s insurance problems to be solved by some prewritten, fill-in-the-blank solution. This is understandable. Yet, on the flip side, …

It’s a Wonderful Bank

Community banks have come a long way since Jimmy Stewart’s character struggled to keep the Bailey Building and Loan alive to support the residents in Bedford Falls in Frank Capra’s 1946 classic “It’s a Wonderful Life.” Insuring these institutions has …

Surfing the Web for Internet Liability Coverage – Who Needs It and Why’

Any company with a Web site is a candidate for professional (or third party) Internet liability insurance. In most circumstances, they do not purchase it. This is often because the company expects their current insurance coverage to provide the necessary …

AG SUES ID THEFT PROTECTION CO.:

The Oklahoma attorney general’s office filed a lawsuit against an Arizona telemarketing company after the company allegedly offered Oklahoma consumers a bogus identity theft protection service, Attorney General Drew Edmondson said. The lawsuit, filed in Oklahoma County District Court, accuses …

N.J. Women Pulled Over in Fraud Scam

New Jersey’s Division of Criminal Justice Director Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained a State Grand Jury indictment charging an Essex County woman and her mother with allegedly selling …

Mueller Joins OneBeacon Technology Insurance Team

OneBeacon Insurance, a wholly owned subsidiary of White Mountains Insurance Group, Ltd, announced that Matt Mueller has joined the company to lead its high-tech commercial insurance business. Mueller comes to OneBeacon from Chubb, where he led that firm’s technology business …

GNW-Evergreen Complete Phase One of Merger

Los Angeles-based GNW Insurance Services Inc. and Evergreen Insurance Services Inc. of Tarzana, Calif. two independently owned insurance brokerage firms, have announced completion of phase one of their merger. The newly combined organization will be housed under one state-of-the-art insurance …

Okla. AG Files Suit Against Telemarketer Selling Identity Theft Protection

The Oklahoma attorney general’s office filed a lawsuit against an Arizona telemarketing company after the company allegedly offered Oklahoma consumers a bogus identity theft protection service, Attorney General Drew Edmondson said. The lawsuit, filed today in Oklahoma County District Court, …

MICH. PRIVACY RULES TAKE EFFECT:

Michigan Office of Financial and Insurance Services (OFIS) Commissioner Linda A. Watters announced that new rules designed to help protect the security and confidentiality of insurance companies’ customer information took effect Aug. 24. The rules establish standards for the companies’ …