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Munich Re
HSB WHISTLESTOP Edition 02/2019
Risk Solutions
For Agents & Brokers
HSB cyber poll finds cloud disruptions cost millions
Business losses stem from ransomware and data breaches
Three-quarters of U.S. businesses use the cloud for data storage and almost half have had a service interruption with losses in some cases totaling up to $1 million or more, according to HSB's latest cyber survey of business owners and executives.
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Hartford Steam Boiler
In this issue
» HSB cyber poll finds cloud disruptions cost millions
» Who will shape your insurance future?
» HSB infrared inspection saves a school $60,000
Who will shape your insurance future?
What is the future of insurance? Who will be the insurance leaders of tomorrow? How do we convince young professionals to pursue careers in insurance and risk management? Join HSB in supporting InVEST, the insurance industry's classroom to career education program operating throughout the country to promote insurance vocations for talented young people.
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HSB infrared inspection saves a school $60,000
HSB's loss prevention services are an important benefit for your customers. We can help them prevent expensive breakdowns and reduce energy costs. A recent HSB infrared survey did both when a serious electrical exposure was discovered in a school and resulted in an unexpected $60,000 utility company credit.
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Recent Paid Claim: Trucking company targeted twice with ransomware
A trucking company's computer files were encrypted with a ransomware virus and the insured paid the ransom. However, the decryption code contained backdoors and allowed the hackers to infiltrate the system. HSB's cyber coverage included hiring a forensic expert who found that employee and customer data was compromised.
Legal Review $2,501
IT Forensic Review $567
Notification of Affected Individuals $2,380
Total Paid Loss $5,448
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Hartford Steam Boiler
One State Street
P.O. Box 5024
Hartford, CT 06102-5024
1-800-HSB-1866 (1-800-472-1866)

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