The Insurancenter

CrowdStrike, the Most Important Cyber Accumulation Loss Event Since NotPetya, Highlights Single Points of Failure In what is being called “the most important #cyber accumulation loss event since NotPetya,” the July 19, 2024, global #technology outage (#CrowdStrike) will produce scores of #insurance claims across a range of policies, test cyber policy wordings, and sharpen the industry’s focus on single points of failure. Read on to learn more. #cyberinsurance #cybersecurity #riskmanagement #committedtoyou

In a recent report by the National Insurance Crime Bureau (NCIB), it was revealed that approximately 1,020,729 vehicles were reported stolen in 2023. This alarming statistic highlights the ongoing issue of vehicle thefts across the country. The NCIB's latest infographic provides valuable insights into the specific locations that experienced the most significant increases in vehicle thefts between 2022 and 2023. By analyzing this data, we can better understand the #trends and patterns associated with vehicle thefts, ultimately working towards enhancing #security measures and #protecting our vehicles. Stay informed and stay vigilant against vehicle theft! #risk #insurance #autotheft #committedtoyou

#Manufacturer safety communication aimed at enhancing employee awareness about the importance of thinking about safety and working safely. This target on safety article is designed to empower your team members with the knowledge and mindset needed to prioritize #safety in all aspects of their work. By engaging, #employees will gain valuable insights on how to identify and #mitigate potential hazards, leading to a safer work environment for everyone. Working together to create a culture of safety where every team member actively contributes to a secure and healthy #workplace. Are you looking to enhance your knowledge of safety measures and precautions? The Insurancenter team of experts are ready to provide you with the information you need to stay safety aware.?Contact us for additional safety insights. #manufacturing #riskmanagement #insurance #committedtoyou

The commercial #insurance market operates in a cyclical manner, transitioning between hard and soft markets. These fluctuations have a direct impact on the availability of #coverage, the terms of policies, and the pricing structure for businesses seeking insurance. Understanding the differences between a hard and soft insurance market is crucial for #policyholders to navigate through these variations effectively. This document aims to shed light on the dynamics of the #commercial insurance market cycles, providing valuable insights for #businesses to make informed decisions regarding their insurance needs. #risk #money #insurancebroker #committedtoyou

Back in 2021, AT&T suffered a #databreach. Now in 2024, the same massive data set has been re-exposed. The information of 73 million AT&T customers includes names, addresses, phone numbers and birthdates, and for some, Social Security numbers. If exploited, #cybercriminals can use this information to commit identity theft. Check to make sure that you're updating any #software you use, changing #passwords often, and always be watching out for #phishing attempts. Source: Norton 360 #cyberbreach #identitytheft #insurance #commitedtoyou

On February 21, 2024, Change Healthcare, a subsidiary of UnitedHealth Group and one of the largest platforms for managing health insurance billing and payments in the United States, experienced a large-scale #cyberattack. The attack forced the company to temporarily shut down over 100 services across its system, affecting millions of health care providers and patients. This article provides more details on the Change Healthcare cyberattack and offers tips to help organizations prevent similar events. #cybersecurity #cyberliability #cyberinsurance #committedtoyou

The Equal Employment Opportunity Commission (#EEOC) has recently announced that the portal for employers subject to EEO-1 reporting to submit their information from 2023 will open on April 30, 2024. #Employers are required to submit their reports by June 4, 2024. This announcement provides important information for employers who are subject to EEO-1 reporting requirements. Employers should be aware of these deadlines and take steps to ensure that they are in #compliance with the reporting requirements. #insurance #riskmanagement #hr #committedtoyou

At a briefing on Friday, February 2, 2024, Hong Kong police revealed that a recent cyber incident involving #deepfake technology resulted in a finance professional at a multinational firm being manipulated into wiring more than $25 million in company funds to #fraudsters. This article provides more details on the incident and offers tips for #businesses to prevent future deepfake-related losses. #cyberthreats #cybersecurity #cyberliability #insurance #committedtoyou

Looking forward to 2024, the #labor market is expected to ease somewhat, although #employers will likely still struggle to attract and retain talented #employees. This article explores five attraction and retention trends to watch in 2024 so employers can prepare their strategies for the next year. #hr #hiring #insurance #committedtoyou