Cyber crime insurance launched by former US homeland security chief

identity theft cyber insurance

The coverage is the result of a collaboration among syndicates operating through the Lloyd’s of London market. A new cyber crime insurance product has now been launched by Tom Ridge, a former U.S. Secretary of Homeland Security, by his firm, which created it in collaboration with a number of syndicates that operate through the Lloyd’s of London. This insurance coverage is meant for businesses with under $500 million in market capitalization. This means that approximately 80 percent of all American publicly quoted companies fit into the target market for this…

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Mogix Announces Exclusive “Insane” Amazon Launch Deal of New Portable Battery Charger

Mogix portable battery charger

The initial release sale for this external phone charger has created quite a stir in the insurance sector. On Monday, a company called Mogix send out an exclusive offer to subscribers of the newsletter from Live Insurance News, that offered readers their new portable battery charger at an insanely low price, and since then, the industry has been talking (possibly on well charged devices!). The launch offer sold the external phone charger at a tiny fraction of its current sale price, let alone the retail price. Readers of the Live…

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Cyber liability insurance is experiencing a rapid evolution

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As high profile data breaches become headlines on a regular basis, awareness of this coverage is expanding. The risk of a data breach is rapidly on the rise and as it is coming to the point that no one feels safe from this potential problem, awareness of cyber liability insurance is climbing as well, and the result has been a rapidly evolving coverage sector. The latest estimates are that the data breach at JPMorgan Chase could impact 76 million households. As the risk rises and as it is continually in…

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Life insurance companies could use iPhone apps to calculate rates

mobile smartphone health life insurance

Speculations are swirling about the use of data from health and fitness applications by insurers. As apps and gadgets focused on health and fitness tracking become increasingly popular, many are beginning to speculate that these tools could provide the life insurance industry with valuable data for determining the rates that they are charging individual consumers. In an idea that is similar to usage based auto insurance, iPhones could measure actual policyholder risk levels. Among the elements that have been introduced to the new mobile operating system from Apple is one…

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Auto insurance survey shows drivers are still using smartphones behind the wheel

auto insurance premiums car mobile smartphone

Research by Allstate has shown that Canadian motorists continue to talk and text against the law. Regardless of the fact that it is against the law to talk on a handset or send and receive text messages, a study conducted by an auto insurance company has determined that Canadians can’t seem to break this distracted driving habit. The majority of provinces and territories regulate the way mobile devices can be used by drivers. That said, Allstate Insurance has discovered that many Canadians are not abiding by those laws and are…

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