Majority of small businesses lack cyber security plans, could leave consumer information vulnerable
Posted: September 24, 2018
Average cost for data breaches is $36,000 DENVER - A new survey released by a small business watchdog website shows nearly 80 percent of small businesses don't have a cyber security attack plan in place. "They're worrying about sales, marketing, operations. The cyber security side and making sure customer data and internal systems are protected is generally an afterthought," cyber security consultant David Schohl said....
After Florence floods, the uninsured awaken to painful reality
Posted: September 19, 2018
HOPE MILLS, N.C. (Reuters) - Flood insurance was far from Stephanie Walker’s mind in 2015 when she moved her family into a home in Fayetteville in central North Carolina, nearly 200 miles (320 km) from the coast. The next year, a creek at the end of her street swelled during Hurricane Matthew, sending several feet of water into her living room. Without flood insurance, the...
What Does Comprehensive Auto Insurance Really Cover?
Posted: September 12, 2018
Want a flexible car insurance coverage that provides a lot of value without the high cost? The first level of coverage beyond the state minimum coverage is comprehensive coverage. Comprehensive is great because it protects against so many different types of physical damage to your vehicle. Comprehensive coverage goes by a few different names and can be used as a stand-alone coverage for your vehicle or in combination...
Cyber insurance market to double by 2020
Posted: September 10, 2018
The most damaging cyber attacks to date, in economic terms, have been caused by malware such as WannaCry and NotPetya, which infected hundreds of thousands of computers around the world in 2017 The market for insurance against cyber threats will double by 2020 to over 8 billion dollars, German reinsurance giant Munich Re told a conference in Monaco on Sunday. “Cyber risks are one of...
Think You're Not at Risk of Flooding? Think Again.
Posted: August 30, 2018
What you need to know about flood insurance. People tend to underestimate their flooding risk, says Lynne McChristian, a consultant with the Insurance Information Institute, a nonprofit group. Ninety percent of all natural disasters—especially hurricanes—include some form of flooding, and roughly 20 percent of claims processed by the National Flood Insurance Program (NFIP) are from areas considered at low or moderate risk of flooding (when...
