In March, Independent Agent magazine saw the Big “I” realize the fruits of its work with Fannie Mae and Freddie Mac in revising their property insurance requirements for federally backed mortgages.
Since the Iran war began, cyberattacks have continued to spike, leaving both businesses and infrastructure at risk.
As businesses rely more heavily on outside platforms for day-to-day operations, agents play a critical role in helping clients understand where they are most vulnerable and how their insurance coverage should respond.
Coverage responds to a deepfake event, providing technical analysis by a deepfake forensics firm, legal work to have the deepfake taken down from online platforms and crisis communications support from a public relations firm.
Cyber threats are no longer designed solely to cause immediate business disruption. Instead, it’s about the long-tail aftershocks that follow.
At Ivans Connect 2025, the Big “I” Agents Council for Technology (ACT) hosted roundtable sessions that went beyond tools and systems and centered on the people who use them, the friction they face and the future they want to build.
If cybercriminals gain access to cyber coverage details, it can shift the balance of power in their favor, making ransom demands more calculated, negotiations more difficult and outcomes more costly.
The policy includes both first- and third-party coverage to help respond to cyber events, such as data breaches, ransomware attacks, cybercrime, compromised business email accounts and more.
Strong security measures and client awareness are critical to maintaining trust and safeguarding assets.
The policy has an enhanced definition of “employee,” which includes all classes of employees, including independent contractors and attorneys retained by the insured while performing legal or consulting services for the insured.
