Items Tagged with 'security insurance'

Miami Beach leaders recently signed an insurance policy protecting the city for up to $100 million of catastrophic property damage in cases of terrorism or an active shooter.

The House of Representatives voted to pass legislation that encourages the sale of private flood insurance in place of policies from the federal government.

The majority of Americans (86 percent) are concerned about terrorist attacks occurring while on vacation in various regions of the world in the future.

Insurer Chubb has added coverage to help U.S. victims of cyber bullying pay for costs, including mental health treatment, legal expenses and lost wages.

Your insurer is your partner in the risk business. The more insurers understand how security products can impact risk mitigation, the more effectively they will be able to price premiums. Your company’s insurance rates are commensurate with your risk exposure,” says Neil Lakomiak, Business Development Director, Building and Life Safety Technologies for UL LLC.

The U.S. Senate voted Thursday to extend a federal terrorism program for six years. Lawmakers failed to extend the program before it expired last year, and it was quickly reauthorized in a 93 to 4 vote.

A new report by Marsh confirms that demand for terrorism insurance remains strong and the existence of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) plays a key role in making coverage available and affordable.

If your enterprise is relying on its traditional all-hazards insurance plan to provide adequate cyber coverage, you might be dangerously mistaken.

If your organization is operating in an area where the risk of kidnap is deemed high, you should consider the Special Risk options available through the insurance market. Carried by many leading underwriters, Kidnap/Ransom and Extortion (KRE) coverage reimburses the losses associated with a kidnap.