We are living in a technology-driven world. Before 2012, nobody ever heard of Ransomware, and now the big scare is Cryptoviral Extortion. Cryptoviral Extortion is where hackers break into your server and encrypt all of your data until you pay a ransom.
Take a look at the article below and then ask yourself, your insurance representative, and your IT team if you are prepared if an attack hits your company. Having a contingency plan in place will help get you back open for business sooner rather than later.
On a positive note, our captive friends in Tennessee are doing great and leading the way in reforms thanks to their active legislature. In 2014 they had Premium Volume of $429.2 Million. At the end of 2018, they jumped up to $1.2 Billion in volume. The experts say their success can be attributed to sweeping improvements by their state legislatures
Be careful and keep an eye out as kids are going back to school this month. And as always i
f you have any questions about implementing a Captive, call me directly or visit our
Captive 101 section
on our website.