Advisen Announces 2018 Cyber Risk Award Winners

NEW YORK— June 7, 2018 – Arthur J. Gallagher’s Adam Cottini received the Cyber Risk Champion of the Year award at Advisen’s fifth annual Cyber Risk Awards event. INSUREtrust’s Christiaan Durdaller, AXIS Insurance’s Dan Trueman, and AIG’s Tracy Grella were each named Cyber Risk Industry Person of the Year in the USA, London, and International markets respectively.

Winning companies – determined by People’s Choice voting – included Beazley as Insurer of the Year and Willis Towers Watson as Broker of the Year.

Over 400 P&C Professionals who care about Cyber Risk attended this gala awards dinner emceed by Jeremy Gittler of XL Catlin, and Shannon Groeber of JLT Specialty USA, Scott Kannry of Axio Global, Graeme Newman of CFC Underwriting, and Jon Laux of Aon.

Read more at https://www.advisenltd.com/about/press-releases/2018-cyber-risk-award-winners-announced/

Advisen Ltd. (June 2018). Advisen Announces 2018 Cyber Risk Award Winners [Press Release]. Retrieved from Advisen Press Releases.

2018 Big Nasty Claims Conference – New York

New for 2018, Advisen will host a half-day conference, focusing on the phenomenon of big, nasty claims in the casualty sector.

Mass torts and class actions with the potential to exceed $100 million take years to settle, tax corporate resources disproportionately, and often bring out the liability sharks.

Aimed at risk managers and claims professionals along with carriers, brokers, and attorneys, this inaugural event seeks to help all parties keep the sharks at bay.

For more info and registration about this upcoming event, visit the link below:

https://www.advisenltd.com/09/20/2018-big-nasty-claims-conference-new-york/

Ransomware Evolves to Affect Severity; BI Remains ‘Complicated’

CHICAGO—There is “no honor amongst thieves” when it comes to ransomware.

During a panel on claims developments here at Advisen’s Cyber Risk Insights Conference, CNA Insurance cyber industry leader Brian Robb said ransomware attacks have evolved. At the start of the ransomware trend, organizations that paid up would receive encryption keys to get data back.

Now, said Robb, there have been situations in which the thieves only returned a partial encryption key following payment, and then asked for more cryptocurrency.

Read more at https://www.advisenltd.com/ransomware-evolves-to-affect-severity-bi-remains-complicated/

Chad Hemenway, Ransomware evolves to affect severity; BI remains ‘complicated’ (May 24, 2018).

This story in an excerpt of the original. The content originally appeared in Advisen Cyber Front Page News.

US Supreme Court Upholds Arbitration in Employee Contracts

A deeply divided U.S. Supreme Court ruled yesterday that employers may include arbitration clauses in employment contracts requiring employees to settle disputes individually rather than joining together to fight wage-and-hour violations.

Plaintiffs in the cases argued that the National Labor Relations Act (NLRA) supersedes the 1925 Federal Arbitrations Act. The 1935 NLRA allows employees “the right to self-organization, to form, join, or assist labor organizations, to bargain collectively . . . , and to engage in other concerted activities for the purpose of collective bargaining or other mutual aid or protection” and the National Labor Relations Board ruled in 2012 that the NLRA nullified the earlier law.

Read more at https://www.advisenltd.com/us-supreme-court-upholds-arbitration-in-employee-contracts/

Erin Ayers, US Supreme Court upholds arbitration in employee contracts (May 22, 2018).

This story in an excerpt of the original. The content originally appeared in Advisen Professional Front Page News.