A.M. BestTV at RIMS: Insurers Respond to Tech Exposures

OLDWICK, N.J.--(BUSINESS WIRE)-- In this special^A.M.BestTV wrap-up report from day four of the annual Risk & Insurance Management Society Inc.’s (RIMS) conference in New Orleans, LA, attendees examine cloud computing, cyber risk and other forms of tech liability that are driving new forms of coverage and loss exposures.

Click on http://www.ambest.com/v.asp?v=rims30415 to view the video program. New daily wrap-up reports and interviews from New Orleans will be posted throughout the event at http://www.ambest.com/rims2015.

Chris Arehart, global product manager for crime insurance at The Chubb Corporation, addressed what he refers to as, “a new twist on an old approach—cyber extortion.” “Cyber extortion can be a real problem for a company,” Arehart said. “Let’s say an organization from overseas infects your computer here in the United States, by taking a piece of malware or ransomware, which immediately encrypts that entire computer’s context. Once this is accomplished that ransomware has your computer in a very vulnerable position and leaves your company with only two options, either lose the information or pay the ransom, which could be either small or considerable.”

Other people who appear in this episode include:

• Jeremy Johnson, president and chief executive officer, Lexington Insurance;
• Shawn Ram, executive managing director, Crystal & Company;
• Cindy Slubowski, vice president of manufacturing, Zurich North America</org>; and
• Jayne Goddard, cyber technology & media underwriter at Barbican Insurance.

Full-length interviews from the event also are available for viewing:

• Michael Kerner, chief executive officer, general insurance, Zurich Insurance Group Ltd.: http://www.ambest.com/v.asp?v=kerner415.

• John Nelson, chairman at Lloyd’s: http://www.ambest.com/v.asp?v=nelson415.
• Daniel Riordan, chief executive officer, Zurich Global Corporate, North America: http://www.ambest.com/v.asp?v=riordan415.
• Dominic Casserley, chief executive officer, Willis Group Holdings plc: http://www.ambest.com/v.asp?v=casserley415.
• John Watkins, senior vice president, commercial insurance claims, Liberty Mutual Insurance Company: http://www.ambest.com/v.asp?v=watkins415.
• Mario Vitale, chief executive officer, Aspen Insurance: http://www.ambest.com/v.asp?v=vitale415.
• Jessica Smythe, assistant vice president, customer relations management, ISO Claims Partners (Verisk): http://www.ambest.com/v.asp?v=smythe415.
• Shelby Weldon, director of licensing and authorization, Bermuda Licensing Authority: http://www.ambest.com/v.asp?v=weldon415.
• Erin Calvey, executive vice president, Ironshore Insurance: http://www.ambest.com/v.asp?v=calvey415.
• Christopher Johnson, executive vice president, FM Global: http://www.ambest.com/v.asp?v=johnson415.
• Caroline Clouser, executive vice president, ACE Medical Risk Group: http://www.ambest.com/v.asp?v=clouser415.
• Thomas Fitzgerald, chief executive officer, U.S. retail operations, Aon Risk Solutions: http://www.ambest.com/v.asp?v=fitzgerald415
• Kevin Kalinich, global practice leader, Aon Risk Solutions: http://www.ambest.com/v.asp?v=kalinich415.

• Rick Miller, property practice leader, U.S. Aon Risk Solutions: http://www.ambest.com/v.asp?v=rmiller415.
• Charles Dangelo, president and chief executive officer at Starr Indemnity & Liability Company: http://www.ambest.com/v.asp?v=dangelo415.
• Jack Kuhn, chief executive officer, global insurance, Endurance: http://www.ambest.com/v.asp?v=kuhn415.
• Carolyn Snow, past president at RIMS: http://www.ambest.com/v.asp?v=snow415.
• Jamie Miller, managing director and head of property at Swiss Re Corporate Solutions Ltd: http://www.ambest.com/v.asp?v=miller415.
• Thomas Reagan, cyber risk practice leader at Marsh: http://www.ambest.com/v.asp?v=reagan415.
• Theresa Bourdon, global practice leader, actuarial & analytics at Aon Corporation: http://www.ambest.com/v.asp?v=bourdon415.

Those interested in receiving conference coverage via email can sign up at www.ambest.com/review/GetAMBestTV. Auto-notification of the latest insurance news available on ^A.M.BestTVwill continue every Monday, Wednesday and Friday.

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Copyright © 2015 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.

A.M. Best

Lee McDonald, 908-439-2200, ext. 5561

Group Vice President, Publication and News Services

lee.mcdonald@ambest.com

Source: A.M. Best