privacy breach News

Evolution of Cyber Coverage: How to Sell to Today’s Businesses

The insurance industry has wrestled with the best way to respond to all the different privacy and security exposures businesses face in the current tech-heavy world. Since it first came out in the late ’90s, cyber coverage has evolved from …

AAIS, IDentity 911 Release Sample Data Breach Endorsement

Insurers now have access to a new sample endorsement they can use to provide “data breach” coverage to small- and mid-sized commercial accounts. The American Association of Insurance Services (AAIS) has released the sample endorsement under its business owners program …

Email Inbox Not Private, Says South Carolina Court

The South Carolina Supreme Court has ruled a man’s privacy was not violated when his wife’s daughter-in-law managed to get into his email and find out the name of his lover because the messages remained in his inbox. In their …

FTC Settles with Facebook Over Privacy Breaches

The Federal Trade Commission voted Friday to finalize its settlement with Facebook, resolving charges that the social network exposed details about users’ lives without getting the required legal consent. Facebook Inc. agreed to submit to government audits of its privacy …

Chartis Enhances Network Security Policy

The Chartis insurers have added enhancements to its network security and privacy insurance products, recently rebranded as CyberEdge, to better address evolving risk trends, including: coverage for confidential information protected under foreign privacy laws and breach notification laws; expansion of …

ACE Expands Data Breach Team for Privacy Protection Policies

ACE USA, the U.S.-based retail operating division of the ACE Group, has added five new member firms to its ACE data breach team. This pool of independent, third-party professional service will help organizations and businesses execute data breach response plans. …

ACE Private Risk Adds Identity Protection Services to High-Net Worth Program

ACE Private Risk Services, the high net worth personal insurance business of the ACE Group, has launched personal identity protection services to help clients guard against and recover from identity fraud, as well as manage their reputation at no additional …

MasterCard Reports Possible Security Breach

MasterCard Inc., the world’s second-largest debit and credit card company, said it was extending its zero-liability policy for cardholders in the United States to include all PIN-based and ATM transactions. The move follows several data breaches at U.S. companies including …

PPIB Launches Network Security Program for Retail, Healthcare Segments

Professional Program Insurance Brokerage (PPIB) of Novato, CA has launched a new network security program targeted at the retail and healthcare classes. The coverage includes: Privacy liability coverage for damage to third parties resulting from the theft of personally identifiable …

Glatfelter Public Practice Adds Cyber Liability Coverage

Glatfelter Public Practice has introduced cyber liability & privacy crisis management expense coverage for municipalities and water related entities nationwide. Glatfelter Public Practice is part of Glatfelter Program Managers, a business unit dedicated to Glatfelter Insurance Group’s program business. The …