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Tuesday, March 24, 2020

There has been pressure on insurers to cover business interruption losses due to COVID-19. Many policyholders may believe they have coverage in their Property policies. This may be true for a few broadly written policies, but in most...

Friday, March 20, 2020

According to a new post on the Cyber Security Intelligence website,

Thursday, March 19, 2020

To the question "Are Coronavirus claims covered?" the all-purpose short answer is "It depends". Policy wording, specific circumstances and, in the long run, court decisions will be determinant. That said, here are some general thoughts...

Thursday, March 19, 2020

While we are rightly worried about COVID-19 and searching the Internet for updates, there is another pandemic going on - hackers targeting websites to disrupt and spread misinformation. The United States Department of Health and Human...

Wednesday, March 18, 2020

There is a saying that hard cases make bad law. COVID-19 is a hard case, in the medical and economic if not the legal sense. Now there is a real chance New Jersey will use it to enact a bad law. First, some history. In 2006 the...

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Tuesday, March 17, 2020

Small and medium businesses without trained IT staff can find it hard to manage their cyber security. Products and services are becoming more customized, new updates are released and compliance requirements become broader....

Monday, March 16, 2020

According to Cyber Security Intelligence, Allianz's Risk Barometer for 2020 shows cyber incidents as the most important business risk according to 2,718 risk management experts from 102 countries and 22 industry sectors. Business...

Friday, March 13, 2020

In addition to the cost of defending an employment lawsuit (one employee claim could reach $100,000 attorney fees and costs), a suit will cost hours spent in gathering documents and taking witness depositions. Having lawsuits on public...

Wednesday, March 11, 2020

Cyber Security Intelligence reports that cyber crime makes up 50% of all fraud crime (75% in the United Kingdom). The FBI's Internet Crime Complaint Center reports cyber crime totaled $3.5 billion in 2019, with 467,361 complaints. The...

Friday, February 28, 2020

The General Data Protection Regulation (GDPR) has been in force in the European Union since 5/25/18, but according to the Cyber Security Intelligence website almost 30% of businesses are not compliant. Since GDPR applies to...

Wednesday, February 26, 2020

If data breach to a single organization can be catastrophic, imagine what happens when the "organization" is an entire city. "Smart cities" where systems and services are interconnected in a single network are at serious risk of...

Tuesday, February 25, 2020

A recent post by Sean Hollister of NWC Alliance discusses how smart light bulbs can be hacked and why this is more dangerous than letting a hacker turn your lights on and off. By hacking one bulb the hacker can trigger a data overflow...

Tuesday, February 25, 2020

Recent statistics from FaceFirst.com were posted to the Workers Compensation Roundtable LinkedIn group (https://www.workerscompensation.com/news_read.php?id=35004). In 2017 there were 424 violent deaths in retail locations. Violent...

Monday, February 24, 2020

The coronavirus is now infecting cyberspace. According to Cyber Security Intelligence, criminals are using fears about the virus to spread malware.

Wednesday, February 19, 2020

The term "Industrial Revolution" has been with us since the mid-18th century. In the past 250 years we have actually gone through four industrial revolutions. The first started with the steam engine and brought new manufacturing and...

Tuesday, February 18, 2020

A popular definition of insanity is doing the same thing over and over again and expecting different results. One prominent example is rebuilding properties in a flood plain without taking steps to prevent or mitigate future loss. FEMA...

Thursday, February 13, 2020

As posted to peerlyst.com by Chris Roberts: The global average mean time to identify a data breach is 197 days - over six months. The mean time to recover from a data breach is about 70 days or ten weeks. 76% of organizations were...

Wednesday, February 12, 2020

Since the increasingly-popular, regional convenience chain, Wawa, announced a breach of their payment card processing system last December, the story has continued to gain people's attention. Those of us who have probably shopped at...

Tuesday, February 11, 2020

According to the National Safety Council, an American worker is injured on the job every seven seconds. To improve this statistic, Kevin Lombardo of DORN Companies has written about three safety trends in the workplace. The post is at...

Monday, February 10, 2020

Every 39 seconds. That's how often a cyber attack happens. Experts warn that threats are increasing in sophistication, frequency, diversity, scale and scope. Despite all of the publicity about high profile cyber attacks, according to...

Friday, February 7, 2020

It cannot be stressed too often that while cyber attacks on major companies get headlines it is the small and medium enterprises (SMEs) that are most at risk. SMEs are vulnerable for many reasons: Lack of sufficient security in place,...

Thursday, February 6, 2020

A post on the Bank Info Security website goes beyond insurance for ransomware. A ruling by a U. S. District Court judge in Maryland found that damage to a company's computer infrastructure from a ransomware attack was "physical loss or...

Wednesday, February 5, 2020

The coronavirus has been declared a world health emergency. As of February 4 there were over 17,000 confirmed cases mostly in China but spreading to 23 other countries. Besides the cost in illness and death, there are questions...

Friday, January 31, 2020

Businesses depend on third parties for services and technologies, and computer systems are no exception. Almost 80% of businesses use at least one cloud-based application, according to a post by Steve Driz on Peerlyst. Reliance on...

Wednesday, January 29, 2020

Insurance Journal reports that The Bulletin of the Atomic Scientists has reset their "Doomsday Clock" to 100 seconds to midnight. (The post is at https://www.insurancejournal.com/news/national/ 2020/01/23/556256.htm.)

Tuesday, January 28, 2020

According to insurance broker Aon pic's 2019 annual weather, climate and catastrophe report, the economic cost of natural disasters globally was $2.98 trillion between 2010 and 2019. This was $1.19 trillion higher than 2000-2009. The...

Monday, January 27, 2020

Small and mid-size businesses are most likely to be at risk from cyber attacks, as they may lack knowledge or awareness of their risk and cannot afford expert advice. Fortunately, you do not need to be an expert to take basic steps to...

Monday, January 27, 2020

According to a post on the Cyber Security Intelligence website (https://www.cybersecurityintelligence.com/blog/the-scope-of-a-cyber-security-audit-4734.html) most cyber breaches occur because of a false sense of security. A company may...

Friday, January 24, 2020

As Cyber insurance becomes more widespread, insurers are addressing "silent cyber" - traditional policies that do not explicitly exclude cyber risks but were not intended to cover them. Today virtually all General Liability policies...

Thursday, January 23, 2020

As I was stuck in rush hour traffic this morning I thought of a joke: "As I was walking along sad and dejected, a voice said 'Cheer up! Things could be worse'. So I cheered up and sure enough things got worse." If you were dejected by...

Wednesday, January 22, 2020

The first Bitcoin exchange was established in 2010, and the word "blockchain" was first used in the same year. In recognition of the ten year anniversary, the Blockchain Council published a look back at the decade (at https://www...

Tuesday, January 21, 2020

Heading into 2020, Guy Burdick of EHS Management discussed the top issues affecting the workplace. Here are a few that we felt were worth sharing...

Thursday, January 16, 2020

Thoroughly reviewing your Property & Casualty Insurance policies and premiums can be a cumbersome process. But, while a seemingly exhausting obligation inherent to running a business, doing so this year could potentially save you thousands.

Friday, January 10, 2020

With 2019 in the books, now is the time to focus on 2019 ACA Reporting for the IRS. As it stands, the ACA remains intact for 2019 as it relates to employers. So, what does that mean for you as an employer? Here’s what you need to...

Wednesday, January 8, 2020

For some time we have been seeing higher prices and more coverage restrictions to an extent that hasn't happened since the hard market of the 1980s. A recent report by insurance broker USI Insurance Services originally published by...

Friday, January 3, 2020

In addition to protecting computer systems against outside hackers, organizations must also guard against internal security breaches.

Monday, December 30, 2019

According to a LinkedIn post by Steve King, director of cybersecurity services at Information Security Media Group, we can expect a dramatic increase in cybersecurity breaches in the first quarter of 2020. In making this prediction,...

Thursday, December 26, 2019

This is an adaptation of a post by Bleu Azur Consulting (https://bleu-azur-consulting.eu/2019/12/22/an-animal-kingdom-of-disruptive-risks-how-boards-can-oversee-black-swans-gray-rhinos-and-white-elepha...). The post was directed at...

Thursday, December 19, 2019

To readers who were overwhelmed by the multitude of cyber attack news in 2019, be forewarned. According to Amanda Finch, CEO of the Chartered Institute of Information Security, "...the biggest attack of 2020... has almost certainly...

Thursday, December 19, 2019

Insurance companies have noted that ransomware continues to increase in frequency and severity. Ransomware-as-a-service makes it easier from criminals to use, and some are sophisticated enough to hack companies' financial information...

Monday, December 16, 2019

This quote by Allison Cerra, senior vice president and chief marketing officer of cybersecurity firm McAfee stood out in a post on "Creating A Cyber Incident Response Policy" on the Cyber Security Intelligence website. The complete...

Friday, December 13, 2019

You have probably seen variations of this post before, but as long as people fall victim to email scams it bears repeating. As posted by Adams and Reese LLP (https://www.adamsandreese...

Wednesday, December 11, 2019

A recent post by Katie Dwyer on riskandinsurance.com details the trends changing the risk environment today. For businesses it is now a question of when, rather than if, there will be a significant disruption that in a worst case...

Friday, September 20, 2019

Firing an employee, whether or not for cause, is never pleasant. For problem employees, firing may be the only solution but if not done properly can result in an expensive lawsuit. (Violent retaliation by terminated employees is a...

Wednesday, September 4, 2019

In a survey by Morning Consult on behalf of IBM Security (posted at https://www.helpnetsecurity.com/2019/05/24/travel-cyber-risks/) 70% of respondents said they put at least some effort into protecting their digital information while...

Wednesday, September 4, 2019

The data breach at Capital One, while affecting a large number of individuals (100 million in the United States, 6 million in Canada) so far seems to be having limited consequences for consumers. The attack was the work of one...

Friday, July 26, 2019

According to Norman Marks, an authority on corporate governance, risk management and internal audit, how a company makes decisions is at the heart of effective risk management. Whether an organization is large or small, whether...

Monday, June 17, 2019

Acknowledgement: This blog is based on a post by Bill Wilson, https://insurancecommentary.com/how-to-explain-coinsurance-to-clients/. Going back to the 19th Century, most property policies have a requirement that insurance limits be at...

Monday, January 19, 2015

The following is written by Elizabeth Alcamo, CEBS who is a Certified Employee Benefit Specialist at The Beacon Group of Companies. A challenge many employers across all industries face is attracting the right talent. With health care...