The groups make the case that insurance businesses can use the law’s 20 percent deduction on “qualified business income.”
via https://www.naifa.org/news-publications/naifa-blog/may-2018/naifa-and-industry-partners-ask-congress-to-clear?feed=blogs
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Social engineering fraud is a significant and growing threat for most businesses, along with ransomware, and some recent variations are proving sophisticated and costly. Comprehensive Cyber Risk Insurance is an important protection, but strong IT security and employee awareness are equally important. Typically, a criminal uses deceptive electronic communications to get a victim to unwittingly send information or money to the criminal.
via http://specialtyinsurance.typepad.com/specialty_insurance_blog/2018/05/what-is-social-engineering-fraud.html
Senior Safe Act passes the House and heads to the president's desk.
via https://www.naifa.org/news-publications/naifa-blog/may-2018/senior-financial-protection-measure-on-its-way-to?feed=blogs
NAIFA's Congressional Conference features the industry's largest day on the Hill.
via https://www.naifa.org/news-publications/naifa-blog/may-2018/advisors-take-their-grassroots-message-to-capitol?feed=blogs via https://www.naifa.org/news-publications/naifa-blog/may-2018/naifa-to-revise,-modernize-bylaws?feed=blogs
Washington – With more than 10,000 Americans on track to reach retirement age every day, members of the National Association of Insurance and Financial Advisors will meet with their representatives to educate them about the industry and the critical role life insurance products and annuities play in securing the financial futures of 90 million American families.
via https://www.naifa.org/news-publications/naifa-blog/may-2018/naifa-members-convene-for-congressional-conference?feed=blogs
If you make a claim under a Professional Liability insurance policy (E&O, D&O, EPL, Cyber) there is a strong possibility that you will receive a reservation of rights letter from the insurer. You will probably consider whether you should be concerned and wonder whether this is standard practice.
via http://specialtyinsurance.typepad.com/specialty_insurance_blog/2018/05/reservation-of-rights-letters.html
Ransomware attacks are increasing and becoming more destructive. Comprehensive Cyber Risk Insurance is essential to provide financial protection, but some policies do not provide full coverage for ransomware and cyber crime.
via http://specialtyinsurance.typepad.com/specialty_insurance_blog/2018/05/ransomware-cyber-attacks-on-the-rise.html |
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