new kind of criminal

Cybersecurity

Dig Deep and buy Cybersecurity Insurance

Most business are on line, using computers.  Hackers are like burglars, finding a way to steal customer and employee records, along with everything else of value.  The info is then sold or used to damage and destroy a business. Studies show that almost 50% of small businesses hit by a data breach go out of business within 6 months.  Cyber liability Insurance coverage includes business interruption, Legal expenses, PR and Marketing strategies to defend your company's reputation.  Source: POHS

How do you know when it's over?

How do you know when a cybersecurity data breach is over? A Never-Ending Story.   The trick is to be preventive. Click on link to read Forbes article.

Forbes

Pot A Gold

Money, Money, Money

Some projections call for legal marijuana sales to reach $22 billion by 2022 as more states legalize use of the drug.  People directly involved in the industry like growers, retailers, distributors and property owners will need coverage.  This creates an opportunity for insurers. Marijuana-related markets like cultivation, dispensaries, retailers and landlords will be in need of insurance coverage. But there are still risks holding carriers back, A.M. Best said in a recent report.  The federal government classifies it as a controlled substance, and as an illegal drug.

Dispensary - enter at your own risk

Because marijuana is not legal at the federal level, some carriers see marijuana insurance as a “debatable” move, A.M. Best said. "Despite growing demand from both producers and retailers, many carriers are reluctant to embrace the industry because of its classification as a Schedule I drug in the eyes of the U.S. federal government.”

Source: Insurance Journal

P.S. the horrible smell though😁


Don't drive under the influence [of alcohol or drugs]

That's a fact

1. Every 51 minutes in America, someone is killed while driving under the influence.
2. Someone is injured while driving under the influence every 120 seconds.
3. Traffic accidents are the leading cause of death for teens.
4. The U.S. has a no tolorance policy for drivers under 21 with a illegal substance
 in the blood system while behind the wheel.

All The Madness

Mad Scientists

Home DNA kits have opened up frontiers, from  catching criminals to people taking DNA tests to find long lost relatives. But DNA test results might affect your LIFE insurance coverage.  Some genetic testing companies sell their information to drug companies and others for research. Federal law prohibits companies to use your genetic information for things like health insurance or a job but that protection doesn’t extend to LIFE Insurance or Long Term care. 

Ancestry DNA tests use a saliva sample. “A simple test can reveal your ethnic mix. Like, if you're Irish or Scandinavian - or both,".  Millions of Americans have mailed their saliva to commercial genetics labs. By taking the test, according to most contracts, you’re giving the company a  “perpetual, royalty-free transferable license” to use your DNA. Those words, perpetual and transferable sound like they’ve left it open to sell your DNA, possibly to insurance companies.

Privacy - We have none left

What would happen if the DNA databases were hacked?  Most on-line DNA sites say they will destroy your DNA test results if you ask them.

March Madness

The men’s college basketball tournament is made up of 68 teams. On Selection Sunday, before any tournament game is played, those teams are ranked 1 through 68 by the Selection Committee, with the best team in college basketball — based on regular season and conference tournament performance — sitting at No. 1. Four of those teams are eliminated in the opening round of the tournament (known as the First Four), leaving us with a field of 64 for the first round.

ncaa.com