The need for Cyber Liability Protection is greater than ever. In recent months, corporations like Target and Home Depot suffered losses after the personal information of millions of customers were exposed. Last week one of the largest insurers, Anthem Inc. was added to the growing list of American corporations victimized by data
In a recent study, nearly half of American Businesses have experienced data breaches in 2014, up 10% from 2013. DID YOU KNOW? A study conducted by the Ponemon Institute, a private research organization that studies information security policy, found that data breaches are on the rise. Nearly 43 percent of
Earlier today, the Federation Employment and Guidance Service Inc., one of the country’s largest social service agencies said it is closing its doors permanently. After 80 years of providing services for the sick, disabled and elderly, FEGS could not recover after suffering losses of $19.4 million last year. As recent
The Boy Scouts of America settled a sex abuse case yesterday involving a California man who was molested by his troop leader back in 2007. The settlement decision came after only three days of trial on the basis that the Boy Scouts failed to provide adequate training of leaders and
In November 2013, Minnesota lawmakers opened a three-year window, through May 2016, for older victims to bring claims forward. There are currently close to two dozen claims to be filed against the diocese and no way of knowing how many more will come forward by Spring of next year. As
Does your organization have a disaster preparedness plan? Last August, we at Waldorf Risk Solutions had to execute our disaster preparedness plan, and it wasn’t a drill. On a beautiful Saturday evening in late summer 2014, a fire spread through our offices destroying the entire premises. Our clients never knew it happened, With a
On Friday, 9 January 2015, Waldorf Risk Solutions, LLC and Biedermann-Hoenig-Semprevivo Law Firm will co-host a summit to discuss risk management and the legal challenges facing non-profit employers and educators. The summit will run from 10:30 a.m.-3:00p.m. in the Public Square Larini Room of Molloy College in Rockville Center, NY.
[vc_row][vc_column][vc_column_text] Terrorism Risk Management Insurance Act Set to Expire After Bill Blocked in Senate The Terrorism Risk Insurance Act (TRIA) is set to expire on Dec. 31, 2014, after a House-passed bill to extend the program for an additional six years was blocked in the Senate. TRIA, which was created shortly
Nonprofit organizations provide essential social services that benefit communities and their members. These organizations cannot survive without a solid volunteer Board of Directors assigned to elect officers, adopt policies and make major financial decisions for the organization. Although the members of the board are volunteers, there are liabilities involved in
The recent trend of hacking secure networks has invaded the academic world, spreading to many colleges and universities in the United States. Universities make a tempting target as enrollment and financial aid forms stored on the network often contain student and parents’ financial records that hackers could use for identity