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The Next Insurance Storm is in The Cloud

Interesting article about cyber liability insurance and exposures on National Insurance Law Forum: The highest profile cyber incidents – such as major data breaches at Sony, Zappos, Global Payments, and Nationwide Insurance, and the disruption to Netflix’s service on Christmas Eve due to problems with Amazon’s cloud service – may dominate the news, but the bigger issue is just how pervasive such problems are. Every company that uses computing and networking technologies faces a variety of potential cyber liabilities, including: repair, restoration, or replacement of data or services; notification of affected customers of a data breach… Read full article

California Signs Electronic Proof Of Insurance Bill

Yes! It happens right now. We witness a great moment of the history! Gov. Jerry Brown made California the seventh state in the nation to allow drivers to show proof of insurance coverage using their smart phone. Brown on Friday signed Assembly Bill 1708, a bill authored by Assemblyman Gatto, which will give drivers the option to show proof of financial responsibility electronically using a mobile electronic device. “Governor Brown just brought proof of coverage into the 21st Century by signing AB 1708,” said Armand Feliciano, with the Association of California Insurance Companies. “California has long been known as ground zero… Read More »California Signs Electronic Proof Of Insurance Bill

Remote Work and Telecommuting Liability Exposures

Remote work arrangements, including telecommuting and working from satellite offices, have increased at nearly one-third of U.S. companies, according to a survey of chief financial officers released Wednesday. • Keep remote workers informed on the latest news from their departments and the company using regular calls and in-person meetings in addition to email. • Ensure that off-site employees have the necessary resources, including appropriate network access. • Establish expectations and guidelines at the beginning, and monitor the arrangement and adjust as necessary. • Establish and follow appropriate security protocols. • Include remote workers in team activities and recognize their accomplishments… Read More »Remote Work and Telecommuting Liability Exposures