Insurers and other organizations need to develop systems to protect the authenticity of electronic documents, or risk losing valuable evidence that could support a legal case, said a risk expert from Kroll.

His comments came during a panel discussion on risk titled "New Reality of Risk," broadcast over the Web and sponsored by Marsh & McLennan Companies.

Alan Brill, a member of Kroll, a subsidiary of MMC, discussed electronic risk. He noted that despite the investment in electronic security, the average loss per security breach incident is greater than $200,000. For financial institutions and insurers, the two major incidents concerning them are loss of proprietary information and unauthorized access to networks.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.