Statewide brings contractor insurance services into Washington state

Leading general liability insurance, commercial vehicle coverage, workers compensation and bonds provider for contractors, Statewide Insurance Brokers, has announced that it has broadened its contractor insurance offerings to include Washington State. The insurer has been providing these products to thousands of contractors of all forms from painters to electricians, since 1995. Today, Statewide Insurance is operating in seven states – Nevada, Oregon, Texas, Virginia, Washington, Minnesota, and California – but has plans for widening. According to one of the company’s senior underwriters, Lana Matar, demand is what is fueling their…

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Business owners may want to rethink cyber liability coverage

The age of technology brings with it risks that have never been faced before. As more businesses adopt technology and become ever integrated with it, they must protect themselves from malicious attacks. The concept of “cyber crime” has, in previous years, been of little concern. Companies both large and small have fallen prey to hackers but they often recover and improve their security methods. However, the recent and continuous attacks against tech giant Sony have spawned a new wave of concern amongst the world’s businesses. Now, protection from the very…

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Sony gets hacked in latest ring of cyber crimes

Sony Corporation’s computer system is the recent prey of the latest attack launched by unscrupulous hackers. The group LulzSec claimed responsibility of the recent attacked. The incident proved that even Giant electronic companies like Sony are also vulnerable to different types of security infringements like hacking. LulzSec is the same group that also claimed to have made the attacks on world renowned television networks like Fox.com and U.S. PBS television. The server of electronic giant, Sony is its latest prey. LulzSec claimed it successfully hacked the server running the websites…

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Congress wants to take a bite out of cyber crime

It is possible that the U.S. could see the first strategic, cybersecurity law proposed, being up for a vote in Congress. No administration has ever suggested a major law, outlining specific plans for increasing computer security for citizens, businesses and government entities. An investigative report shows that data breaches reached an all time high last year, with more than 760 breaches. This may not sound too bad, but the number of affected records from that 760, equaled over 4 million. Cyber criminals have adapted to most types of security applications…

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Sony’s cyber liability claim may not be covered

In the wake of a massive data breach, entertainment giant Sony is turning to its insurers for help with the cost. A group of anonymous hackers overwhelmed Sony’s security late last month, stealing valuable customer information. Only two weeks after the initial attack, they struck again, getting their hands on even more data. To date, more than 100 million users of Sony’s online gaming and market platform have been affected, causing an estimated $2 billion worth of damages. The corporation has a multitude of insurance companies at their disposal and…

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