Rating, Underwriting Commercial Crime Insurance for Businesses

Rating, Underwriting Commercial Crime Insurance for Businesses It’s estimated that the annual cost of employee theft and fraud to American businesses is more than $400 billion. In fact, the Department of Justice (DOJ) estimates that more than one-third of [...]

FASB Proposes New Accounting Rules that Could Impact Insurer Profitability

FASB Proposes New Accounting Rules that Could Impact Insurer Profitability Last month, the Financial Accounting Standards Board (FASB) issued a public comment on a proposal to implement new accounting rules, which according to its press release, is designed “to [...]

Cyber Threats Growing Across All Industries, Insurance Policy Sales on the Rise

Cyber Threats Growing Across All Industries, Insurance Policy Sales on the Rise The cyber attacks that occurred recently both on the daily deal site LivingSocial and newsgathering service AP’s Twitter account are just the latest examples of high-profile companies [...]

Cyber Crime Increasing Threat for Insurance Companies

Cyber Crime Increasing Threat for Insurance Companies ThreatMetrix, a provider of integrated cyber crime prevention solutions, released a report last month listing the top cybersecurity risks consumers and businesses face as we enter 2013. These risks include cyberwarfare, data [...]