Evan Bundschuh, RPLU

In an article published in the Rochester Business Journal's cybersecurity special edition, Kevin Merriman, leader of #LippesMathias' insurance recovery, counseling & litigation practice team, discussed key cybersecurity threats businesses and insurers should be aware of, highlighting the growing frequency and sophistication of attacks like ransomware, phishing scams, and data breaches. Read the article here ➡ https://bit.ly/3YmI479

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Cyber threats are a growing concern for the life science community, with data breaches and cyber-attacks posing significant risks to sensitive information and intellectual property. Arthur Hall Insurance offers Cyber Liability coverage to help mitigate financial losses and liabilities resulting from cyber incidents, providing essential protection against the evolving landscape of cyber threats facing life science firms. Strengthen your cybersecurity defenses today with the guidance of our Advisors. Reach out to us to discover how our Cyber Liability coverage can safeguard your firm's digital assets and reputation in an increasingly complex threat environment. www.arthurhall.com #CyberSecurity #CyberThreats #DataBreach #CyberInsurance #LifeSciences #CyberLiability #DataProtection #IntellectualProperty #RiskManagement #DigitalSecurity #HealthcareSecurity #TechInsurance #CyberDefense #Infosec #CyberAwareness

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Wes Rimes, our Head of Distribution and Jarrett Kolthoff, our Head of Zurich Resilience Solutions Cyber discuss SpearTip and cyber security. Listen to this episode of Connections from the Green for tips on strengthening your organization against cyberattacks. #ZurichClassic #TeamGolf #ConnectionsFromTheGreen

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It's essential that investors provide unexpired, working smoke alarms in all of their properties. Failure to do so may result in the insurance carrier diminishing or excluding coverage for fire losses. Learn more about REInsurePro's recommendations for smoke detector locations and maintenance. ⤵️ #REInsurePro #SmokeDetectorRecommendations #RealEstateInsuranceTips

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🚨 Huge Tech Outage Reveals Gaps in Cyber Insurance 🚨 Last week’s massive tech outage has hit industries hard and exposed some major issues in cyber insurance. Here’s what you need to know: 🔍 Key Points: Aon: This incident might be the biggest cyber loss event since NotPetya (2017). Total losses are still unclear. Guy Carpenter: Expect claims for business interruptions, including those from non-malicious causes. Policies usually have waiting periods of 4-12 hours. Policy Differences: Coverage for system failures and non-malicious events varies widely between insurers. Wider Impacts: Other insurance areas, like director’s insurance, might also be affected. "Silent cyber" risks could lead to unexpected claims. 📈 Industry Reactions: Acrisure Re: Insurers should hold steady on coverage until we know more. Moody’s: Even though the outage wasn’t malicious, it’s shown how varied insurance terms can be. Fitch: The losses could be significant, highlighting the risk of relying on single vendors. 🛡️ Bottom Line: This event is a wake-up call for the cyber insurance industry to improve policy clarity. Expect “widespread event” exclusions to be added to Cyber policies in the near future. #CyberInsurance #TechOutage #Insurance #RiskManagement #BusinessInterruption

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As restaurants must adapt to technological advances and new ways to protect their assets and staff, independent agents can assist in this process by educating or consulting restaurant owners during the implementation of new devices, specifically identifying #cyber exposures and obtaining cyber liability insurance. Arbella’s VP of Commercial Lines, William S. Hughes, CPCU, recently shared his tips with Independent Insurance Agents and Brokers of America for agents looking to uplevel communications across restaurant insurance. Hughes suggests agents identify areas of need such as properly training new employees to avoid workplace injuries that result in higher workers compensation and remind their clients to be mindful during the hiring practice for delivery drivers. Read the full article with more of Bill’s insights here:https://lnkd.in/eFSg32CF

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