January 2012
W. Brown & Associates Newsletter

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Travelers Awarded $420 Million in Asbestos Case

 

According to Insurance Journal, "A New York appellate court affirmed a $420.4 million ruling in favor of insurer The Travelers Companies, handing it a victory in one of the longest-running and most complex asbestos-related litigations in history."

 

  

Click Here to read more.

 

 

Need for Cyber Liability Policies

 

With the number of recent security breaches on the rise, and the cost now estimated at around $200 per compromised identity, many insureds are considering cyber liability policies.

 

 

Click Here to read an article from Experian - one of the 3 credit monitoring companies.

 

 
Greetings!

At W. Brown, we like to stay abreast of what's going on in the industry (or at least pretend), so we've gathered a couple of interesting articles and recent happenings to share with you. Hope you enjoy.
Costa Concordia Losses Could Top
$1 Billion 

Boat Capsize
According to Businessinsurance.com and statements from multiple reinsurance carriers, the losses from the Costa Concordia Cruise ship disaster could top $1Billion. Hanover Re announced that there losses could be in the mid-double-digit, million euro range.

Click Here to read more.

Zappos Hacked - 24,000,000 Exposed

CalculatorEarlier this month, online shoe retailer Zappos.com was breached and the confidential data of up to 24 million customers has been exposed.

While credit card information wasn't stolen, the threat of identity theft still looms. 

Click Here to read more. 

Super Bowl Insurance Coverages

Hiking FootballIt is estimated that the Super Bowl being played this weekend in Indianapolis will carry $100 million in General Liability coverage, as well as complimentary media & property coverages.

Click Here to read more.