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Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Insurance Journal

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. The Atlanta-based airline has been the …

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Cyber Risk: West Virginia OIC Plans to Dispose of Older Workers’ Comp Files

Insurance Journal

The West Virginia insurance commissioner’s office has adopted a new policy: It will soon begin destroying workers’ compensation claim files that are 10 years old or older. “Given increasing cybersecurity concerns and the type of information contained in the closed …

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Deloitte Pays Rhode Island $5 Million to Aid Recovery From Ransomware Attack

Insurance Journal

The consulting firm Deloitte that built and manages Rhode Island’s popular RIBridges portal has paid the state $5 million to compensate for the ransomware attack that compromised and shuttered the benefits site in December. Separately, Deloitte is also covering the …

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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Workers Compensation Insurance to cover employee injuries on the job. Cyber Liability Insurance to protect against data breaches and cyberattacks. If your expansion involves additional digital operations, such as online sales or customer databases, cyber liability insurance can help. This coverage is required in most states.

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Cyber Insurance for Contractors: What It Covers & Why They Need It

ProWriters

Contractors in the construction industry are not immune to cyber attacks. Ransomware attacks, phishing scams, and other types of cyber attacks can result in data breaches and other incidents that cause financial loss, reputational harm, and legal consequences. Cyber Insurance for contractors is an essential safety net.

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Why Retail Cyber Insurance Is Non-Negotiable

ProWriters

The retail sector has seen a significant uptick in cyber threats, with ransomware attacks surging by 75% in 2022, according to Sophos. Retail Cyber Insurance protects your clients’ businesses from cyber threats, helping to maintain operational continuity, a seamless shopping experience, and customer trust.

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How Do You Know What Commercial Insurance Products Your Business May Benefit From?

Paragon Independent Insurance Agencies

If you have employees, securing workers’ compensation insurance can provide financial support for medical bills and lost wages if a workplace injury occurs. Businesses that handle customer data should consider cyber liability insurance to protect against data breaches and cyber threats.