As the holiday shopping season unofficially kicks off this week, about 42 million American households plan to give or receive high-tech electronic products this year. However, about seven out of eight households don’t fully understand key aspects of their insurance …
OneBeacon Insurance Group has enhanced its professional liability coverages for information technology businesses. The company’s @vantage for Information Technology product now combines technology errors and omissions liability with coverage options for data privacy liability and communications liability. OneBeacon says its …
The Michigan Association of Insurance Agents (MAIA) recently announced that it had signed an agreement to join the SeaPass Multi-Carrier Hub™ platform, as a commercial lines tool for independent agents for real-time quotes, proposals and issuance of policies for their …
Ohio Casualty, a member of Liberty Mutual Group, announced that it was recently honored with three awards from Applied Systems Client Network (ASCnet), the user group for Applied Systems agency management technology, in recognition of Ohio Casualty’s efforts to implement …
Federal regulators are requiring that every financial institution have a program to detect and prevent identity theft on consumer accounts. The federal financial institution regulatory agencies and the Federal Trade Commission have issued final rules on identity theft “red flags” …
AIR Worldwide Corp. (AIR) released the AIR typhoon model for China. The new probabilistic model will help insurers, reinsurers, and brokers better manage the very high typhoon risk intrinsic to one of the world’s fastest growing insurance markets, the company …
Lloyd’s CEO Richard Ward is a man in a hurry. He wants fundamental changes in the way Lloyd’s does business and he’s not prepared to wait. In a speech sponsored by the Insurance Institute of London earlier this week in …
A major disruption to the Internet would not only be detrimental to businesses, public institutions and citizens, but would also cost the global economy an estimated $250 billion, according to a report released by the Business Roundtable, an association of …
The TJX Companies has agreed to a settlement of class action lawsuits filed after a massive security breach involving customer data. A statement on the company Web site says the proposed settlement includes three years of credit monitoring along with …
London-based “paperless” trading service RI3K announced that Aon has now been expanded the use of the program to include the specialty and direct divisions as well as treaty reinsurance. The move assures that a majority of Aon’s large commercial business …
