• Exclusions for "War" Did Not Bar Insurance Coverage for Damage Caused by Hamas Rockets.

    Exclusions for "War" Did Not Bar Insurance Coverage for Damage Caused by Hamas Rockets. The US Court of Appeals for the Ninth Circuit has ruled that an insurance company could not rely on two "war" exclusions in the policy to deny coverage to the insured for damages that the insured suffered...

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  • Ransomware

    Ransomware Summary: According to the latest news on cyber-crime, costs to businesses are expected to escalate to an estimated $6-8 trillion by 2021, with the majority of these costs expected to impact small to medium-size businesses. With the increase in widespread and costly cyber-attacks,...

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  • AN OVERVIEW OF OLYMPIC GAMES COVERAGE

    AN OVERVIEW OF OLYMPIC GAMES COVERAGE The 2018 Winter Olympics bring in the usual risks associated with the Olympic Games, but this year the location and political climate of the host country adds some risks that insurers are not necessarily accustomed to. Along with the normal risks; event...

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  • NAIC Cybersecurity Model Law Analysis

    NAIC Cybersecurity Model Law Analysis   April 10, 2018 Cybersecurity is an ever-growing concern to many, affecting corporations and individuals alike. Both are at risk of having data and funds stolen by a hacker and used for a variety of purposes. Hackers use stolen consumer data to create...

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  • CYBER-ATTACKS ON NONPROFITS

    CYBER-ATTACKS ON NONPROFITS While cyber-attacks are becoming more of a certainty than a possibility, there are still numerous companies and organizations that are not purchasing cyber insurance. In addition, many are not taking proactive measures to protect data such as updating software...

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  • Cyber Coverage and TRIA

    Cyber Coverage and TRIA In a recent ISO circular, additional information was provided in reference to the December 2016 Guidance Concerning Stand-Alone Cyber Liability Insurance Policies Under the Terrorism Risk Insurance Program (TRIP). The Terrorism Risk Insurance Act (TRIA) was developed in...

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  • Botnets, Bot Herders and Zombies

    Botnets, Bot Herders and Zombies Even though it might sound like a friendly little creature from another planet, a botnet is anything but friendly and it captures its prey with the rapidity of a roadrunner and has a vicelike grip as strong as a snapping turtle (and it won't let go when it...

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  • A Primer on Malware and its Variants

    A Primer on Malware and its Variants With all of the variations in cyber crimes, it is becoming increasingly difficult for the non-technical person to distinguish between what is or isn't considered malware. Malware is short for 'malicious software' that are designed to damage or do unwanted...

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  • Fraudulent Email Scheme Not Covered Under Businessowners Policy

    Fraudulent Email Scheme Not Covered Under Businessowners Policy At the beginning of August, the U.S. District Court for the Eastern District of Michigan decided that a manufacturer could not recover $800,000 in funds lost after an employee mistakenly wired payment for legitimate vendor invoices...

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  • Cyber Risk

    Cyber Risk Cyber risk is a huge and ever changing issue for everyone, not just insurance companies. Everyone attacked has to deal with the fallout after a cyber-event has happened. But what is a cyber-event, how can companies prepare for and avoid them, and what happens after one occurs? Topics...

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