Intel

Global cyberattacks grew 38% between 2021 and 2022, and experts believe the risk will only continue to escalate. In the news, a steady stream of reports detail the myriad ways that sensitive data can be exposed — and show that the risk can come from outside an organization or within it. Earlier this month, Kris 6 News reported that a…

More than six years after a data breach that disclosed 2.81 million patients’ protected health information, Banner Health has agreed to pay $1.25 million to the U.S. government to settle potential violations of the Health Insurance Portability and Accountability Act (HIPAA), Campus Safety Magazine recently reported. The Arizona-based healthcare system also agreed to implement changes to better protect patient information.…

Below we highlight the top 3 trending Cybersecurity Awareness-related intel topics. 1. Trending News Attesting to MFAs, Security Protocols a Key Part of Cyber Protection The necessity for companies to have data security practices in place in order to secure cyber coverage is crucial to managing risk, our experts advise. As…

A major insurance carrier is attempting to rescind a cyber policy based on the client’s alleged misrepresentation of its digital security protocols. According to reports, Travelers recently sought a ruling in the U.S. District Court for the Central District of Illinois to rescind its Cyber and Privacy Liability Insurance policy with Illinois-based International Control Services because the company was not…

Over $111 million in damages was recently awarded to a man who was reportedly left with \"catastrophic\" damage to his left leg after a surgery for a fracture he suffered while playing soccer in 2017. Anuj Thapa was 19 years old and a first-year student at St. Cloud State University when the accident occurred, sending him by ambulance to a…

As we enter the long-awaited season of Spring which conjures up thoughts of new beginnings, I draw parallels to the Excess & Surplus (E&S) Insurance industry. Several years of disciplined underwriting, including increased rates, adjusted limit deployment, and careful tweaking of policy language, coupled with a tamping of COVID-19 restrictions is resulting in this renewed sense of optimism. Carriers are…

A historic labor shortage is continuing to challenge long-term care facilities, where workers are dealing with high levels of burnout, reduced one-on-one time with patients and other strains, a recent NPR report detailed. The conditions are “brutal,” the president of the largest nonprofit senior housing provider in the U.S. told NPR, and researchers are warning that the situation could have…

A family of four was reportedly vaccinated against COVID-19 by mistake on Oct. 4 when they tried to get their annual flu shots at a Walgreens pharmacy in Evansville, Indiana. The parents claim that shortly after they and their 4- and 5-year-old children received what they thought was the flu vaccine, a pharmacist called to explain that they all had…

Our experts met for a discussion on the state of the specialty healthcare market, trends within the industry that are changing the landscape, and the impacts on specific products. During this webinar, we discuss: The silos of the medical industry The new and emerging risks, including telemedicine and urgent care centers Challenges facing the healthcare market   https://vimeo.com/553094170/e4d82cafe2

By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group Following the release of our Burns & Wilcox Property & Casualty Market Overview and Forecast: Eye on 2021 report last quarter the already challenged Commercial and Personal insurance marketplace was greeted with yet another extraordinary event—Winter Storm Uri (February 13-17). The widespread impact resulted in over 170…

https://vimeo.com/540831013/68bf089ea1

Watch as our experts provide an outlook into the second quarter of 2021. We also review the year so far and how the biggest news stories impacted the insurance industry. During this webinar, we discuss: Flood Cyber Healthcare Commercial Property https://vimeo.com/534601820/0a594f3e59