BUSINESS INSURANCE recently reported that Traveler’s Insurance was not required to pay for losses due to Spoofing (a form of cyber-attack). According to a lower court and a federal appeals court, Traveler’s computer fraud policy had an exclusion that saved the insurer from paying over $700,000
Should mid-market and small businesses own their own insurance company – specifically, a captive insurance company?
This question is aptly addressed in a recent article written by Attorneys Phil Karter, Scot Kirkpatrick and Christopher Steele of Chamberlain Hrdlicka in
Two weeks ago, we wrote about how captive insurance companies provide “The Best Self Insurance Money Can Buy.” A captive insurance company is the most powerful risk management and wealth accumulation tool that a business can access. When properly employed, there is no other
It’s not surprising that many businesses are not fully prepared to for cyber risks. The nature of this threat continues to evolve as technology advances, cloud computing grows, social media continues its advance and cyber criminals become more sophisticated.
And, last week it became clear that the City of Atlanta wasn’t ready for a cyber-attack