Nationwide expands its identity theft insurance policies in an attempt to combat the threat of cybercrime

As insurers are growing more concerned with the threats posed by cybercrime, they are looking for ways to mitigate any damage that may be caused. Nationwide Insurance has announced that it will be expanding its identity theft insurance policies that offer protections for personal information kept on home computers. The insurer is now offering free access to security software for those with appropriate insurance policies. Nationwide hopes that this will provide another layer of protection for consumers and cut down on instances of cybercrime. According to the Bureau of Justice…

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Cyber insurance premiums rise while...
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Willis Group claims captive insurance companies could be key to future of insurance industry resiliency

The global insurance industry is undergoing extreme change. The change is brought on by the rapidly evolving risks that the industry is facing. As risk changes, insurers are feeling pressure to become more adaptive and resilient against emerging threats. The Willis Groups, one of the world’s largest insurance brokers, believes that captive insurance companies could be the key to weathering the storms of the future. Joe Plumeri, CEO of the Willis Group, attending this year’s World Captive Forum in Miami, Florida, highlighted the usefulness of captives to insurers around the…

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WillisWire report highlights the emerging risks facing the global insurance industry

The global insurance industry has been facing many threats in recent years, the majority of which coming from unpredictable natural disasters. The world is changing at a rapid pace in terms of technology, environment and crime and as each of these fields advances, new threats emerge that could destabilize the industry as a whole. Willis Group Holdings, one of the world’s largest insurance brokers, has launched a new website that seeks to document these risks. The site is called WillisWire and will play host to a number of surveys and…

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EU to introduce tough rules regarding data use and protection

The European Union is preparing to propose new regulations concerning how corporations use the personal data of Internet users this week. The new rules could have a major impact on companies like Google and Facebook as they would put staunch limits on how they use the information of the people that use their services. Viciane Reading, vice president of the European Commission, a branch of the EU, claims that the new rules are needed to remove the grey areas that exist in Europe’s legal system. Europe is currently awash with…

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Florida insurance agency launched new interactive digital marketplace to help serve consumers

Strong Tower Insurance, an insurance agency based in Florida, has launched a new interactive marketing campaign in an attempt to broaden insurance coverage throughout the state. The agency has built a new website that will help consumers connect with the company and find policies that suit their needs. The website will serve as a virtual marketplace akin to the ones that will be set up in each state by health insurance exchanges. Instead of encompassing the whole of the state’s insurance companies, however, the policies found through the website will…

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