Typical Lifecycle of Your Homeowner Claim
By Edward Gibbons-BrownTelecom & Technology
If you have experienced a homeowner claim, waiting for the insurance claims process to complete can feel like forever. Timelines may differ between insurers or claims, and the process can go faster in some cases than in others. Waiting can be frustrating, but it can be helpful to understand what…
Cyber Threats to the Manufacturing Sector (INFOGRAPHIC)
Cyber security is now more important than ever for manufacturers — especially as the impacts of the ongoing pandemic continue to be felt. A survey by McKinsey found that companies may have accelerated the digitization of supply chains and operations by three to four years due to Covid-19, while the…
Typical Lifecycle of Your Major Property Loss
If you have experienced a large business property loss, waiting for the insurance claims process to complete can feel like forever. Timelines may differ between insurers or claims, and the process can go faster in some cases than in others. Waiting can be frustrating, but it can be helpful to…
Typical Lifecycle of Your Cyber Claim
By pattidevineTelecom & Technology
If you have experienced an incident affecting your systems, or an incident with IT service providers and other vendors affecting your operations, waiting for the insurance claims process to complete can feel like forever. Timelines may differ between insurers or claims, and the process can go faster in some cases…
Resources For Your Industry
By pattidevineCommercial Insurance
At Foa & Son, we pride ourselves on being true, trusted risk advisors. For 160 years, we have invested in developing and expanding our knowledge base specific to the industries that we represent. We also dedicate ourselves to providing expert guidance through good times and bad. While we always prefer…
Food for Thought: Cyber Risk
By Edward Gibbons-BrownCommercial Insurance, Food & Beverage, Food for Thought
A cyber attack targeting a food and beverage distribution business could shut down the entire operation, costing thousands of dollars in lost revenue. The recent hack of U.S. government agencies' computer systems demonstrates that even the most fortified IT systems can be breached. But food and beverage businesses that have...
Pandemic Creates E-commerce Risks for Jewelers
By pattidevineCommercial Insurance, Precious Metals, Fine Art, Specie & Jewelry
By Michael Pearl -- As more and more sales move online in response to pandemic-related retail store closures, jewelers should beware of the potential for cyberattacks and other e-commerce-related risks. Theft-in-transit claims are also on the rise as jewelers ship these online jewelry purchases to buyers, making them susceptible to...
Family Offices Face Cyber, Operational Risks
By pattidevineCommercial Insurance, Family Offices
By Kevin Foley -- While wealthy families may seem powerful, they are vulnerable when it comes to cybercrime. At least 28% of family offices have been targets of cyberattacks, according to Campden Wealth, a leading provider of information, education and networking services for generational family business owners and family offices...
Tech Firms: Do you have the right insurance?
By pattidevineCommercial Insurance, Telecom & Technology
By Vincent J. Curatolo -- To get the best pricing and coverage for your tech firm in this hard insurance market, it's important to partner with an insurance broker who has expertise in the sector. Your broker can help identify and analyze your exposures, and develop a risk mitigation strategy...
Is Your Business Insured in Case of a Cyber War?
Iran recently shot down an unmanned U.S. surveillance drone aircraft flying in international airspace, sparking increased tensions between the U.S. and Iran. Military action was avoided, but the U.S. was reported to have launched a cyber attack on Iranian tech assets in response to the attack. U.S. cybersecurity companies, who...