Live Insurance News

Cyber insurance gets a shot in the arm from the U.K. government

November 11, 2014November 8, 2014 Julie Campbell

The government is encouraging businesses to better mitigate their risks through this type of policy. The government of the United Kingdom is seeking to increase the adoption of cyber insurance as a method of bettering the way that organizations within the country are able to manage the risks associated with issues such as data breaches. Companies of all size and security protection are experiencing data breaches and cyber attacks at a growing rate. At a summit that was hosted with a number of CEOs from the cyber insurance industry, the…

Insurance news made as clinics and hospitals seek coverage against Ebola losses

October 20, 2014October 20, 2014 Julie Campbell

Massachusetts General Hospital health insurance

A broker based in Boston has announced that it is rolling out this new protection across the country. The risk of having to quarantine an Ebola patient has had hospitals and clinics wondering how much money they could potentially lose in such a circumstance, and in recent insurance news, a broker from Boston has announced that a policy will be offered to protect them against just that. A special Ebola insurance is now being sold at William Gallagher Associates as developed by Phil Edmundson. According to Edmundson, people could decide…

Cyber insurance is spiking in popularity among SMBs

October 15, 2014October 13, 2014 Julie Campbell

Smaller and medium sized businesses are discovering that data breach liability protection is vital. According to recent data that has been released by the Center for Strategic and International Studies, last year, alone, there were more than 3,000 businesses in the United States that experienced a data breach, and the increase in cyber insurance policies shows that companies have not all failed to learn the lesson from this threat. Among those businesses, many of them are small and medium sized firms with minimal protection. The rapid rise in cyber attacks…

Cyber liability insurance is experiencing a rapid evolution

October 8, 2014October 6, 2014 Julie Campbell

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…

College insurance protection now often extends to rape scandals

September 2, 2014August 31, 2014 Julie Campbell

Institutes of post secondary education are now purchasing coverage for new kinds of risk. As students return to their campuses, this fall, they may discover that college insurance policies are now taking an entirely new shape due to the shifts that are taking place in the culture of these communities. These schools are becoming increasingly aware of the risk that sexual attacks can have when they occur on campus. For that reason, these schools have taken a number of steps to change the way in which accusations of abuse are…