The hackers who stole millions of health insurance records from Anthem Inc. commandeered the credentials of five different employees while seeking to penetrate the company’s computer network — and they may have been inside the system since December. Continue reading
Given the steady beat of security breaches, consumers may assume that a cybercriminal already has at least some of their personal information. But in the latest intrusion, at the health insurer Anthem, hackers got their hands on an especially valuable collection of sensitive information on millions of people. Continue reading
Insurance underwriting applies to almost every type of insurance. Underwriting is the process of classification, rating and selection of risks. The underwriter evaluates applications to determine the risk involved in deciding to accept, or reject, the application. If an application is accepted they then determine the appropriate premium. Continue reading
n as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. Continue reading
Data breaches had a ton of media attention in 2014, and with good reason: 43 percent of companies have experienced a data breach in the last year. That number is up 10 percent from the year before and it’s only expected to rise, according to a report from the Ponemon Institute. Continue reading
A cancellation is the termination of a policy at a date other than its expiration date. Clients often call our office wondering why they are receiving a cancellation notice from the insurance company. Continue reading
A group of more than 40 Republican members of the House of Representatives are urging swift, long-term reauthorization of the federal government’s terrorism insurance backstop program. Continue reading
Effective risk management always starts with insurance. Companies need to regularly review their existing insurance coverage. There are two key components to auditing your coverage; reviewing past claims and determining potential future exposures. Continue reading
