Digital transformation is not about a singular approach and letting go of past successes,
but rather the meshing of the old and new to achieve optimal peak performance.
- Mark Weir
The aggregated average total breach cost of a cyber event is US$394,000, with an average claim for a large company of US$3.2 million, a new report from NetDiligence has found. NetDiligence, a provider of cyber risk readiness and response services, outlined the figures in its seventh annual 2017 Cyber Claims Study, released earlier this week. The study calculates actual losses for data breach events covered by cyber liability insurance carriers.Read More
Personal observations have demonstrated that some insurance companies have some very serious misunderstandings about the attorneys they hire. I. The company’s defense attorney is not its adjuster. Let’s say the first notice of a claim was via a lawsuit against an insurance company and that the insurance company immediately hires a defense attorney to respond to the [...] The post Misunderstood Role of the Attorney appeared first on Insurance Thought Leadership. Check it out!Read More