article thumbnail

Changes Continue in Cyber Insurance

Pure Storage

Changes Continue in Cyber Insurance by Pure Storage Blog An ounce of prevention is worth a pound of cure certainly applies to physical health. Prevention begins with having a robust cybersecurity plan in place, along with sufficient insurance to manage risk. In 2010, cyber insurance premiums totaled a mere $600,000.

article thumbnail

How to use your notification system during hurricanes

everbridge

Issue alerts for weather-related closures and cancellations to keep people out of harm’s way. After a hurricane abates All-clear alerts. Read case study Kentucky Farm Bureau Insurance – When major disasters occur, KFB experiences the catastrophe as both a claims event and a business continuity challenge. Provide reassurance.

Banking 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What to do to your home before and after winter weather strikes

Disaster Safety

Enable wireless emergency alerts on your cell phone.?. Purchase a weather alert radio that broadcasts emergency alerts from the National Weather Service, preferably one with a hand crank. Follow the National Weather Service (NWS) Weather Prediction Center ( WPC ) on Facebook or Twitter and your local NWS office.

Alert 145
article thumbnail

Understanding New York’s New Insurance Disclosure Requirements

Risk Management Monitor

New York’s newly-enacted Comprehensive Insurance Disclosure Requirements legislation opens the door for defendants to request that organizations disclose the details of their commercial insurance programs that may apply to a judgment in the case. This could lead to the disclosure of incorrect insurance information.

article thumbnail

Managing Third-Party Risk in Healthcare Supply Chains

Reciprocity

Beyond these fines, costs multiply quickly: breach investigations, patient notification and credit monitoring, cybersecurity improvements, increased insurance premiums, and lost revenue from disrupted operations. The ripple effects impact lab result processing, medical imaging, and insurance claim submissions.

article thumbnail

Nine budget friendly ways to prepare your commercial building BEFORE the winter season

Disaster Safety

Severe winter weather is a significant cause of insured catastrophic losses and is a risk for many businesses across the country, including portions of the typically warmer southern United States. Check your insurance coverage and inventory valuable equipment. Know what your insurance covers and what it doesn’t.

Insurance 129
article thumbnail

Ransomware Attacks Leave Businesses Around the World Reeling

LAN Infotech

Insurance carrier. On the other hand, the insurance carrier will determine whether the safety of the coverage is applicable under the existing cyber insurance policy. Involving your insurer from the beginning is critical because the insurance company is the one that will approve the offer to pay ransom to the hacker.