Company directors do not realize the full threat of their cyber-liability exposure, and they must be more aware of the legal hazards they face or risk litigation from investors and regulators, says an insurance broker.
Property and casualty carriers shed 900 jobs in October compared to September, continuing a trend seen since July 2008, but the insurance industry overall added 4,900 positions in October.
In defiance of current property-casualty market woes, the growth and potential in the program business niche make it a "growing and vibrant" field.
Although information security and cyber-risk management is recognized as an enterprise-wide responsibility by many organizations, the information technology department still is seen as the front-line defense against information losses and other cyber-liability risks, according to an industry survey.
Although information security and cyber-risk management is recognized as an enterprise-wide responsibility by many organizations, the information technology department still is seen as the front-line defense against information losses and other cyber-liability risks, according to an industry survey.
European companies doing business in the U.S. are vulnerable to securities legal action in the U.S., especially if their shares are traded on U.S. exchanges and that number is rising, according to a report from Advisen.
Independent agents seeking new markets have substantial opportunities selling directors and officers insurance to private-sector businesses, an executive with Chubb says.