Government Expropriation

September 26, 2016

In our previous posts, we discussed the increase in cyber attacks that are seemingly perpetrated by governments and the potential complications that might arise if they began to steal assets in regions not under their jurisdiction. Overall, while such a situation might be more complicated than a standard case of theft, this kind of wholesale […]

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Risk of Theft by Sovereign Nations

July 11, 2016

In our cyber e-book from several months ago, we mentioned the 2014 hack of Sony Pictures and how it may have been perpetrated by the North Korean government. This event may be part of a larger trend of politically motivated cyber-attacks carried out by nation states. Reviewing a list compiled near the end of last […]

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Man-Made Earthquakes: Managing Risk and Liability – A Pittsburgh Case Study

June 10, 2016

In the previous post, I discussed the possible causes of man-made earthquakes, the geopolitical and technical factors that likely mean that they will continue, and some potential sites for further incidents. Here, in the last post of this series, I’ll focus a bit more on the risk-management and insurance concerns. I previously mentioned how the […]

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Man-Made Earthquakes: Future Predictions

April 20, 2016

In the last post in this series, I discussed man-made earthquakes and their connection to injection technology. Today, I’d like to dig a little deeper into the background of this issue and to focus on the future of this phenomenon. Historically, earthquakes, especially major ones that have caused significant damage, have occurred along or near […]

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Man-Made Earthquakes: A Manageable Risk?

April 15, 2016

The last few decades have seen manmade global warming go from a fringe concern to a major policy and economic issue. The continuous and ever-increasing burning of fossil fuels will be responsible for tremendous changes within this century, both within the US and abroad, raising many interesting insurance concerns. However, I don’t actually want to […]

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Why Do I Need an Insurance Audit?

April 6, 2016

How Sophisticated is Your Understanding of Insurance? While insurance is a fundamental part of nearly every business, we find that it’s something very few business owners and senior managers are truly comfortable with. If you’re running a successful business, you likely have a sophisticated understanding of your company’s products, services, assets, leases, financial structure, client […]

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Fact or Fiction? Part II

February 23, 2016

In our last post, we discussed several of the common misconceptions that relate to stored data, building on our recent paper about cyber threats and Cyber Insurance. Here, we’re going to expand on that a bit, focusing more on the security infrastructure and threats relating to electronic information. “I have little valuable information, so the […]

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Political Risk and Insurance

January 26, 2016

Political risk can be a major source of financial loss for business. The chance always exist that political and social forces out of your control can disrupt or destroy your operations, whether it be in the form of political violence or government expropriation of your company. Typically, this kind of risk is thought of as […]

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Privacy—Bad Behavior and Working Abroad

January 13, 2016

In our last blog post, we discussed the concept and history of privacy and the legal and societal expectations in the U.S. relating to the treatment of other peoples’ information. Here, we’ll discuss in greater detail the potential fallout of information mismanagement, separately from legality, and how the concept of mismanagement might not be so […]

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Privacy—History, Dangers and Handling of Information

January 11, 2016

Unsurprisingly, privacy as a concept dates back to early human history, beginning in earnest with philosophical arguments put forth by Aristotle relating to the “public” and “private” spheres of life. Much later on, the Fourth Amendment to the U.S. Constitution recognized the importance of privacy by providing for “The right of the people to be […]

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Terrorism Risk and Insurance

December 10, 2015

The recent attacks in Paris served as a dreadful reminder of the constant risk of terrorism. Sadly, they are far from the first incident of their kind — since 9/11, there have been major attacks motivated by Islamic extremism in Indonesia, Russia, Spain, Britain, India, and Belgium, as well as throughout Africa and the Middle […]

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Fact or Fiction?

December 1, 2015

Debunking 4 Common Myths About Your Data We recently published an eBook providing a comprehensive look at cyber risks and how Cyber Insurance can serve as an important part of a company’s risk management program. Here, we’re going to address a few of the more common misconceptions about your data, since arguably the biggest difficulty in […]

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Making Sense of Cyber Insurance

August 5, 2015

New Risks in a Changing World Commerce runs on information, and a company’s most important commercial assets often aren’t inventory or real property, but data. Whenever business information is stored or transferred, it can be corrupted or obtained by undesirable third-parties. Your business is not immune to cyber risk, as every company, no matter how […]

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PCI Security Standards Council

October 2, 2013

I had the pleasure of attending the PCI Security Standards Council’s North American Community Meeting in Las Vegas this week.  PCI is a consortium formed by American Express, Discover, JCB International, MasterCard Worldwide, and Visa, and its mission is to standardize and enhance worldwide credit card and payment account security.  In other words, PCI works to keep […]

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Aviation Grounding Exposure, Recall, and Loss of Use

June 12, 2012

Suppose your company manufactures a mission-critical part for airplanes, such as engine mounts, or landing gear components. At some point, after a number of your products are in the field and installed into planes, you discover a mistake of some kind, perhaps some manufacturing defect, or a mistake in the way the part was installed. […]

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Solar Storms and Electrical Injury

May 5, 2012

A solar storm is one of the great phenomena of our solar system. For reasons involving the sun’s magnetic field, the sun will, quite literally, explode a stream of gas and atomic particles into space. These particles, which are mostly plasma and sub-atomic protons and electrons, will spew from a spot on the sun, almost […]

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