New York Cybersecurity Regulation – Insurance Agents/Brokers

Excerpt: Check out a recent post on New York Cybersecurity Regulation enforcement and its potential impact on Insurance Agents/Brokers – on the Specialty Insurance Blog, providing periodic information on the insurance business, with a focus on specialty lines and professional liability insurance.

Underwriting Takeaways for Insurtechs

Startup insurers & MGAs can drive change in the insurance business, but successful risk taking requires disciplined underwriting. Best insurance underwriting practices might be helpful to underwriting driven Insurtechs. And the age of Insurtech is not the first time that newly formed insurers and MGAs have changed the insurance industry’s approach to underwriting difficult risks.

Wire Transfer Fraud Exposure for Private Investors – Update

Private investors, such as angel, venture capital and private equity investors, along with the private companies and startups they invest in, have significant wire transfer fraud exposure. The large wire transfers occurring between investors and portfolio companies could be vulnerable to cyber crime theft, and a few preventative steps can significantly reduce the exposure.