Presently, There Is Heavy Pressure To Migrate Company Data To The Cloud. Individuals Already Shift A Large Amount Of Their Data To "The Cloud" In The Form Of Family Photos, Vacation Videos, Contact Information, And Music. Shifting Sensitive Business Information To The Cloud, However, Brings With It More Complex Considerations.

When calamity strikes, there may be a silver lining: the policyholder may benefit by having both nsurance coverage and a right of indemnification from a third party to deal with the loss (or liability).

The most frustrating insurance problems are those that could be easily avoided.

In March 2010, President Barack Obama signed both the Hiring Incentives to Restore Employment (HIRE) Act and the Patient Protection and Affordable Care Act (PPACA).

The reasons why a parent adds a child’s name to a bank or brokerage account are usually well intentioned. They may include concern about the parent’s ability to handle finances due to the ravages of age or illness, or a desire to ensure that funds for the funeral will be readily available upon death.

Although many changes that flow from the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act (collectively referred to as PPACA), will not take effect until 2014, others become effective within the next few months.

Professional liability policies (also commonly known as "errors and omission" or "E&O" policies), typically cover claims arising out of any "wrongful act" or "any negligent act, error or omission" in connection with the policyholder’s performing a professional service.

As a result of the U.S. health reform laws, specifically the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 (collectively "PPACA"), many non-U.S. entities with offices here, such as foreign corporations, embassies and international organizations, are left to wonder if they soon will be required to provide health coverage to their U.S.-based employees.

Private equity firms use transaction liability insurance to manage the risk inherent in mergers and acquisitions. Representation and warranty (R&W) insurance is a type of transaction liability insurance that covers the risk of a target company's seller breaching representations and warranties in the applicable securities purchase agreement.

Insuring and Securing Your Data The risk of data theft has never been greater. Businesses, organizations and government agencies (as well as their employees) have access to huge quantities of information-some of which is not for public consumption.

Corporate officers and directors face an array of risks arising from climate change.

The economic turmoil and corporate dislocation of the last two years underscore the need for directors and officers to take appropriate steps to maximize their directors and officers (D&O) liability insurance. I

When policyholders challenge their insurance companies’ claims handling practices, insurance companies often play a game of Russian Roulette, using attorneyclient privilege to shield their factual claim investigations from disclosure and policyholder criticism.

The Federal Deposit Insurance Corporation has begun the process of pursuing the directors and officers of failed FDIC-insured financial institutions by sending "claim letters" to former officials informing them of the FDIC's intent to sue.

Decisions made by a company in the days and weeks following an unforeseen event — think flood, fire or equipment breakdown — bear directly on the success of a claim for business interruption losses.

Companies that have purchased towers of excess directors and officers insurance take warning: Washington is the latest state to hold that settling a claim with your primary D&O insurance company may negate excess coverage on grounds that the primary policy was not "exhausted."

Insurance companies are in the business of underwriting risks and deciding whether a claim is covered.

Major civil disturbances in the United States should be of concern to the business community. The recent riots in Baltimore and elsewhere damaged hundreds of businesses.

A recent decision from the U.S. District Court for the Western District of Virginia highlights a potential problem with file sharing.

As mergers and acquisitions worldwide exceed $3 trillion annually, the market for representations and warranties insurance has accelerated.