New NYDFS Cybersecurity MFA Requirement Effective Nov. 1
Although the NYDFS Cyber Regulations may not apply directly to your business, independent insurance agencies operating in other jurisdictions could still see impacts.
Technology and Tools
7 Important Data Security Features to Look for in InsurTech Providers
While there’s no way to guarantee your agency will never be susceptible to an attack on your systems or data, there are steps you can take to understand and increase the security of your client data.
Commercial Auto: How Nuclear and Thermonuclear Verdicts Are Adversely Impacting the Market
Trucking companies faced $165 million in nuclear verdicts in 2023, with an increasing trend of thermonuclear verdicts. Mounting costs from these large verdicts present significant challenges for the commercial auto insurance market.
Declaration of Independents: Michelle O’Connor
When Michelle O’Connor and her husband started their insurance agency 25 years ago, they knew from the very beginning that joining the Independent Insurance Agents of North Carolina was a must.
U.S. Business Leaders’ Cyber Confidence Declines, Says Beazley Report
As the cyber threat landscape becomes more complex, preparedness against cyber risks is declining with only 73% of U.S. business leaders feeling resilient against the cyber risk.
The Forecast for Increased Litigation Around AI Adoption
Clyde & Co, a global law firm, predicts a sharp increase in AI-related cases, particularly class action lawsuits, in 2024 and beyond.
Average Cost of a Data Breach Reaches All-Time High, says IBM Report
The global average breach cost reached $4.45 million, with detection and escalation the most expensive component—indicating a shift toward more extended and complex investigations.
Website Accessibility Litigation Continues To Rise
Here’s what to do if your agency website is targeted by a demand letter.
Why Compliance Holds the Key to Increasing Profits
While compliance has often been considered a costly and tedious—but necessary—issue, it can offer valuable opportunities to increase profitability.
Does an Agency Need Consent Before Texting a Prospect or Client?
Is a verbal response acceptable or is there a formal way an agency needs to document proof of consent prior to texting?
