Boards, Officers Face New Exposure in Data Breaches

data breach lawsuits

Cyber risk management has been an issue for IT departments for years. It’s now a problem at the heart of boardroom discussions, too. Case in point: Equifax, which has been hit with dozens of lawsuits from shareholders, consumers and even a credit union, all hoping to recoup losses related to its massive data breach in… Read more »

Terrorism Insurance that Covers Domestic Attacks, Too

terrorism insurance

It’s been more than 16 years now and there’s no doubt the world has changed a lot since 9/11. Getting onto a plane is a lot tougher than it used to be. Government surveillance and privacy concerns are more pronounced than ever. It’s no wonder two-thirds of U.S. businesses today are covered by terrorism insurance…. Read more »

Embezzlement Schemes Can Take Years to Detect

embezzlement prevention tips

Long-time employees do it. The most trusted advisors have gone for jail for it. Even a mother-in-law or two has been busted for it. We’re talking embezzlement, a crime that often takes years to discover and can force even the healthiest of companies into bankruptcy. According to a study by insurer Hiscox, the average loss… Read more »

Understanding the New Contraceptive Coverage Rules

contraceptive coverage

Editor’s note: Employers with fewer than 100 employees can modify their health plans only at renewal and not before Jan. 1, 2018. Also, most insurance companies have filed their rates and plans for early 2018, so any changes to policies are unlikely before spring, if not summer, of next year. Several states have gone to… Read more »

What Trump’s ACA Changes Will Mean for Small Employers

aca executive order reforms

Amid the many questions it raised, there’s one thing clear now that President Trump has signed an executive order that would begin to dismantle the Affordable Care Act: Small-business owners, particularly those with fewer than 50 employees, will want to reconsider their decision to send those workers to ACA exchanges for their coverage. The owners… Read more »

Schools: The Latest Cyber-Attack Target

schools cyber attack

Government agencies, businesses, hospitals and universities have long been targets of data breaches. Now K-12 and even preschools are also at risk, with cyber-attacks aimed at parents’ credit-card numbers, medical data and other sensitive information routinely collected on students and stored on school servers. Schools, unfortunately, make for relatively easy targets. According to a survey… Read more »

Business Interruption Insurance For After the Wildfires Die Out

disaster business interruption insurance

If there’s a silver lining in the deadly wildfires that roared through California’s wine country, it’s that 90 percent of the Sonoma County crop had already been picked before the fires sprang up. Still, hundreds of vineyards and wineries that dot the rolling hills of the Russian River Valley were forced to close their doors… Read more »