Category Archives: Business Risk

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A short historical past of ransom insurance coverage

Do you know that ransom insurance coverage is without doubt one of the oldest insurance coverage coverages on the market? Folks wanted insurance coverage due to pirates Starting within the early 16th and persevering with into the 19th century, state-supported pirates and privateers working out of North African coastal cities (the “Barbary States”) preyed upon European… Read More »

Halloween is much less scary with insurance coverage

As we put the ending touches on our costumes, here’s a quick roundup of fascinating and spooky Halloween-related information from across the internet. Inc. journal printed some good ideas for enterprise house owners on how you can forestall getting burned by legal responsibility claims stemming from Halloween-related occasions at work. I.I.I.’s personal Michael Barry supplied… Read More »

Blue Marble and Nespresso launch parametric climate insurance coverage pilot for smallholder espresso farmers in Columbia

Blue Marble Microinsurance and Nespresso are have developed  a pilot program to carry climate index insurance coverage to espresso farmers in Columbia, in response to a latest Artemis weblog. Espresso crops are uncovered to nice threat from climate circumstances and farmers in creating international locations usually lack insurance coverage choices. This system gives protection for… Read More »

Business identity theft: An emerging threat

Individuals are not the only ones at risk of identity theft. Increasingly, businesses are contending with criminal use of their identity for tax fraud, credit card and other financial fraud, as well as having their websites and business name trademarks held for ransom. A recently released report by the National Cybersecurity Society states that criminals… Read More »

Cybersecurity insurance growth continues

Cyber insurance remained a fast-growing line in 2017, with package policy premium almost tripling, while standalone premium grew 7 percent*, NAIC data indicate. Packaged cybersecurity policies as measured in quantified and estimated direct premiums written grew from $416.8 million in 2016 to $1.1 billion in 2017. The number of packaged claims made and occurrence policies… Read More »

Will the Facebook/Cambridge Analytica Scandal Prompt Computer Science to Enter Its Own Age of Enlightenment?

By James Ballot, Senior Advisor, Strategic Messaging, Insurance Information Institute   Many of us are still trying to make sense of how our data were affected by a massive data-scraping operation by the research firm of Cambridge Analytica that allegedly misused personal information of 50 million Facebook users. One expert with  a “big picture” view… Read More »