Berkley Financial Specialists News

Another Season, Another Weather Exposure!

It seems that Spring has sprung, and while we can say goodbye to ice and snow, we enter the season of strong winds, hail and tornadoes. These weather patterns pose risk to property damage, and roof-mounted equipment is particularly exposed. A few things can protect equipment, prevent downtime and ease the headaches that property damage […]

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General Data Protection Regulation (GDPR) & Insurance

The European Union’s adoption of General Data Protection Regulation (GDPR) is approaching and many financial institutions have questioned the application of coverage within their existing insurance policies. As many are aware, the scope of the regulation is very broad and extends to protection of an EU citizen worldwide. In late May, the regulation will apply […]

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Social Engineering Rears an Ugly Head!

In the first quarter of 2018, financial institutions experienced an increase in social engineering attempts. These schemes rely upon an internal process that either isn’t fully followed or isn’t fully developed, providing an opportunity to thieves (and also to an improvement in controls). In short, a fraud relies upon a spoofed email to an individual […]

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W.R. Berkley Corporation Continues Climbing to the Top!

W. R. Berkley Corporation has released the 2017 Annual Report, which is available here. While not always needed, we know there are many insureds interested in our financial report, and rely upon that document in the course of due diligence. Please feel free to refer our mutual clients and prospective insureds to the site for […]

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Are Volunteers Covered Under Workers Compensation Policies?

It depends. Workers Compensation laws vary by state, but many do not allow Workers Compensation insurance to extend to volunteers, only to paid employees. In some states, payment in kind, such as room and board, would require employers to cover volunteers. Its important to evaluate the laws of your state and the specific volunteer relationship […]

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Property Primer: The Claims Process

The claims process can be an overwhelming and difficult time for an organization, depending on the extent of damage from a loss. Understanding the insurance claims process and our interest in helping guide our insureds through that process can eliminate unnecessary confusion. It’s important to understand an outline of the process, and understand that as […]

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Property Primer: The Claims Process

The claims process can be an overwhelming and difficult time for an organization, depending on the extent of damage from a loss. Understanding the insurance claims process and our interest in helping guide our insureds through that process can eliminate unnecessary confusion. It’s important to understand an outline of the process, and understand that as […]

The post Property Primer: The Claims Process appeared first on Berkley FinSecure.

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The Jackpot That Unfortunately Came To America

Last week, Brian Krebs broke news that the first “jackpotting” attack had been confirmed in the United States. In July 2016, hackers in Taiwan managed to steal more than $2 million using the malware to manipulate ATMs into spitting out money. The scheme quickly spread across parts of Asia, Europe and Central America. In November […]

The post The Jackpot That Unfortunately Came To America appeared first on Berkley FinSecure.

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The Jackpot That Unfortunately Came To America

Last week, Brian Krebs broke news that the first “jackpotting” attack had been confirmed in the United States. In July 2016, hackers in Taiwan managed to steal more than $2 million using the malware to manipulate ATMs into spitting out money. The scheme quickly spread across parts of Asia, Europe and Central America. In November […]

The post The Jackpot That Unfortunately Came To America appeared first on Berkley FinSecure.

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