By Glen Bailey and Jane Hahn
Corporate leaders of publicly traded companies commonly ask the following question: “How do we determine adequate limits for our Directors’ & Officers’ Liability (“D&O”) program?” Responses from seasoned insurance professionals may vary widely, serving only to increasing confusion. While determining appropriate D&O limits for a company is not a perfect science, identified in this article are tools available and specific risk profile metrics to help you establish limits that meet your unique corporate needs.
Phishing schemes, or attempts at identity theft over the web, are on the rise and company HR and Payroll departments are being specifically targeted in an attempt to gain a “large haul” of W-2s, including social security numbers and other personally identifiable information (“PII”). Thieves then seek to sell off the stolen PII or even file fraudulent tax returns to steal individuals’ refunds. Companies that inadvertently disclose such information could find themselves on the hook for liability for damages resulting from the privacy breach to reputation harm.
Beecher Carlson Insurance Services, LLC (“Beecher Carlson”), a specialized large account insurance broker, expands their West Coast operations with the…
Beecher Carlson, National Institute of Standards and Technology, and University of Maryland Collaborate to Create New Cyber Tool
So excited Beecher Carlson got to work with the Federal Government and University of Maryland on this prestigious cyber project and now is able to offer the opportunity to complete the online cyber assessment. Outputs from the assessment can be used in conjunction with Beecher Carlson’s proprietary Cyber Liability and Data Breach Response policy to receive one of the most comprehensive cyber policies in the market.
In an ever-changing, and oft-surprising, environment it can be difficult to predict what’s around the corner. Beecher Carlson’s Jason Flaxbeard takes a tentative look at what the captive world can expect from 2017.
The Terrorism Risk Insurance Act (TRIA) backing for Cyber Insurance may boost the development of specialized policies that provide cover for cyber-caused property damage and bodily injury, but well negotiated cyber policies should already cover damage to data from terrorism.