CrowdStrike Incident’s Ripple Effect on the Cyber Insurance Market Navigating the Aftermath: Lessons from the CrowdStrike Cyber Outage On July 19th, the CrowdStrike cybersecurity incident reverberated across global financial institutions, airlines, healthcare facilities, and government offices, disrupting operations worldwide. According to CrowdStrike, a faulty sensor configuration update in its cybersecurity platform triggered the...Read More
We’re Rebranding as Wholesure | What You Need to Know Exciting News! Founders Professional has officially rebranded as Wholesure. On June 24, 2024, we joined forces with many other wholesalers, binding authorities and MGAs to bring you broad market access in P&C, Specialty, Life and Employee Benefits insurance – we can now offer more solutions...Read More
The Importance of Cyber Insurance for Healthcare Systems Recently, healthcare systems have been one of the top targets for threat actors – no surprise given the significant amount of confidential information they store. It’s important that these healthcare systems protect their providers and patient records by familiarizing themselves with State regulations, and how health...Read More
Oprah Winfrey to Chelsea Handler – Skinny Shot Popularity Clouds Healthcare Underwriting The Semaglutide Craze Weight loss is trending in the realm of healthcare. Over the past few years, there has been a significant increase in the amount of people that are using an injection containing Semaglutides to lose weight. These shots were originally...Read More
Automation Everywhere. But is it covered? Do you remember a time when technology was an afterthought? When we didn’t have smart phones attached to our hips? When everything we interacted with wasn’t powered by technology and automation? Many of us were born in a time making us older than companies like Google, Amazon, or...Read More
ESG and Increased Exposure for Directors and Officers In the fast-evolving landscape of corporate governance and Directors and Officers Liability Environmental, Social and Governance Insurance (D&O) claims have seen a notable surge, with Environmental, Social and Governance (ESG) factors playing a pivotal role. This article discusses what ESG is and how it can increase the...Read More
Trends in Senior Living Communities after the Pandemic During the COVID-19 crisis, senior living communities were greatly impacted by the pandemic. Senior communities were put into survivor mode – as they struggled with virus control, increased mortality, and forcing seniors into isolation from their family and friends. With the heaviest part of the pandemic behind...Read More
What are Antitrust Laws? Antitrust laws in the United States govern competition, monopolistic practices, unfair trade, or price fixing. Price fixing of wages, hours, salaries, benefits, and other compensation are subject to antitrust laws. The most famous antitrust laws in the United States are the Interstate Commerce Act of 1887, the Sherman Antitrust Act of...Read More
CYBER LIABILITY: Invoice (Manipulation) Fraud Coverage What is more important to a business than invoices? What would happen if a cyber attacker manipulated invoices to steal a business’ expected payments? Many businesses amend their cyber insurance to include invoice manipulation coverage to protect against this type of attack. Take for example when attackers infiltrate...Read More
It could be argued that there has been a sea change in the way Cyber Insurance is viewed by the average business owner. Without a doubt, it’s the most quickly growing segment of Insurance. Companies of all sizes are finally beginning to recognize its importance. Today, business exists in a world where electronic...Read More
