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On Our Mind: Preparing for a Cyber Breach

​By Jim Lombardo, CPCU, AAI, AIM, MBA, AVP of Learning & Development​ It seems like every day there is another notice about a security breach. We've all most likely heard about the biggest ones- Yahoo (3+ billion accounts affected); Marriott (383 million accounts affected) Equifax; Home Depot; Target... the list goes on and on. However, there are so many “smaller" breaches we may not hear about- firms like Blur (a password manager with 2.4 million accounts); Town of Salem Video game; discountmugs.com; benefit mall; Blackrock Inc.; Huddle House; Rubrik and too many others to list here- but I think you get my point. What if something…

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Carriers Requiring You Add Them to Your Cyber Liability Policy

​By Brian Bixby, IAAC President We've heard from many members that their carrier is now requiring the agency both carry cyber liability coverage and name them (the carrier) as an additional insured on the policy.  Many cyber liability companies aren't allowing this, putting agencies at risk with their carrier. We have a market that will. Reach out to Brenda Strong or me today to secure this very inexpensive, valuable coverage or to add the carrier your existing policy. Brenda: 315-432-4247 |  bstrong@biginy.org​Brian: 315-432-4233  |  bbixby@biginy.org   ​ Source

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Victory: Governor Signs “Storm Chasers” Consumer Protection Bill

​​Tod​ay, Governor Cuomo signed legislation (S.1405/A.7531) aimed at protecting homeowners from "storm chasers," unscrupulous roofers who exploit​ homeowners in need of home repair services after a major storm, performing sub-standard work that must be redone, or no work at all​. Big I NY and partners in the insurance industry undertook a multi-year campaign to pass this legislation to protect our customers. Big I NY member agents sent emails to lawmakers and the governor urging passage of this important bill.  The legislation, which takes effect 180 days from today, establishes a number of protections, including: ​Establishing specific requirements and responsibilities of roofing contractors Requiring a roofing contractor to enter into…

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