ACE USA, the U.S.-based retail operations of the ACE Group, has introduced the privacy and network security liability endorsement to both the healthcare facilities and managed care organization policies. This endorsement is designed to complement ACE Medical Risk’s professional liability, …
If Mike McGavick is right, the business world will soon be carrying the equivalent of a massive data base in a cell phone. Technology has moved so rapidly that not only the insurance industry, but also business in general, is …
Markel has announced that it will now work with Experian Data Breach Resolution to provide loss control resources to its DataBreach policy holders. Owners of Markel’s DataBreach policy now will have access to Experian’s breach response services, including incident response …
Beazley has established BBR Services, a new business unit dedicated to helping clients that have suffered a data breach manage the consequences. Data breaches involving the theft or loss of personally identifiable customer information pose a large and growing challenge …
Program administrator Business Risk Partners (BRP) will underwrite three additional programs in professional and management liability offered through Liberty International Underwriters (LIU), the global specialty lines division of Liberty Mutual Insurance. BRP’s expanded offerings include: LIU data insure products: Insurance …
Chartis and the partners of Assurex Global have formed an arrangement to offer their clients a customized network security and privacy insurance product. Chartis insurers will offer a suite of tailored coverage enhancements through their market-leading CyberEdge network security and …
The American Association of Insurance Services (AAIS) and The Hartford Steam Boiler Inspection and Insurance Co. (HSB) are developing data compromise coverage as an endorsement under the AAIS Businessowners Program and in the electronic data processing section of the AAIS …
New data-protection proposals from the European Union to help people regain control of personal information from sites like Facebook could prove as effective as commanding the tide, while hurting small firms and Web giants alike. The new legislation, which European …
Midwestern medical liability insurance company MMIC Group, Inc. has introduced Cyber Solutions, which provides coverage for data breaches, invasions of privacy and other risks to the information technology systems of physicians and hospitals. Cyber Solutions will be available effective Jan. …
Between 2005 and 2010, more than 350 million personal records were exposed in reported data breaches alone. Those numbers include data, privacy and security breaches by cyber-criminals accessing sensitive company and customer information, as well as exposure from lost or …
