Implementing AI in a small business can feel like a Gold Rush—exciting, but full of hidden pitfalls. We should look at AI implementation/use through two lenses: enablement (how to do it right), and protection (how to avoid disaster). It is also important to understand...
In our everyday lives, we often do things—without realizing it—that put our data at risk. With the recent rise in cyberattacks across the industry, data protection is more critical than ever. There are plenty practical steps you can take to protect your personal and...
What happens when your cloud provider goes down? If you were caught in the recent AWS outage, you already know the answer: websites crash, backend systems freeze, and clients are left wondering what’s going on. For insurance agencies, these disruptions aren’t just...
Is your agency prepared for the impact of new cyber security regulations and cyber policy restrictions? Nov. 1, 2025, is a key date when the bellwether New York Department of Financial Services cyber security regulations will take effect for Class A companies. No,...
The insurance industry just got a loud knock on the door. Carriers like Erie Insurance, Philadelphia Insurance Cos., and AFLAC are all reportedly grappling with the fallout from major cyberattacks—likely launched by the hacker group known as Scattered Spider. These...
Beginning Thursday, May 1, 2025, the next wave of cyber security compliance requirements under the amended New York State Department of Financial Services’ regulation (23 NYCRR 500) will go into effect. These rules will apply differently depending on your exemption...
Those individuals who hold a New York state insurance license (covered entities), including nonresident licensees, have until Tuesday, April 15, 2025, to certify their compliance with the requirements of New York state’s cyber security regulation (23 NYCRR 500) for...
In the commercial rehabilitation services sector, effective risk management is essential to protect businesses from liability, financial losses and operational disruptions. Independent property/casualty insurance agents play a critical role to identify exposures and...
Insurance fraud costs billions of dollars each year, driving up insurance premiums and straining industry resources. From staged accidents to false claims, these schemes harm insurance producers and honest policyholders. Technology is changing the game by enabling...
We’re long past the days when cybersecurity was just an IT issue. Now, it’s a company-wide imperative that requires everyone to be hypervigilant and proactive. With cyberattacks becoming more frequent and sophisticated, organizations must adopt a holistic approach to...