Less than a week after the massive "WannaCry" ransomware cyberattack first hijacked computer systems in at least 140 countries, insurers, brokers and cyber risk management specialists are working with businesses to report claims, improve and expand existing cyber insurance coverages and implement cybersecurity best practices. According to Paul King, USI’s Management Professional Services (MPS) national director and cyber practice leader, this is the second cyber "aggregation threat" incident of 2017 and there’s every indication the next wave of ransomware attacks will be more disruptive and harder to halt. Targeting a Windows vulnerability, WannaCry locks up a computer system it infects... Read more →


To their loved ones, a spouse is priceless. Regardless of what income they bring into the household or what services they provide for the family, a loved one cannot be replaced in the hearts of those who care about them. But, the question remains as to what the financial impact of the loss of your loved one would cause for your family. Salary.com’s assessment concluded that in 2016 stay-at-home parents would earn a base salary of approximately $48,509 annually for normal 40-hour work weeks but would then accrue overtime pay for the additional 52-hours on average spent parenting. This overtime... Read more →


Just six weeks after the House leaders failed to muster the votes to pass an earlier version of the American Health Care Act (AHCA), the House Republicans narrowly passed their health care bill to repeal and replace Obamacare with a 217 to 213 vote on Thursday. All but 20 Republicans voted for the bill, and the Democrats were unanimous in opposition. What changed in the Bill? The earlier version of the AHCA did not satisfy the conservative Freedom Caucus bloc of the Republican party and Speaker Ryan pulled the bill from the floor immediately before the scheduled vote on March... Read more →


In today’s digital age, technological advances continue to be developed on both ends of the cyber security spectrum- security parameters on one end and ways to breach those parameters on the other. However, despite the constant push for cybersecurity, cyberattacks, hacking scandals and phishing campaigns have become more prevalent in recent years. This is particularly true for law firms. For example, last year in February 2016, 46 law firms in the U.S. and U.K. were notified that the known hacker organization Oleras was employing phishing services through a Russian website.1 This phishing scam from Oleras has been linked to the... Read more →


You have planned out what kind of policy is best for you and have calculated how much insurance your loved ones need to not only cover your final expenses but also to live without your income. But, when the question comes up between you and your financial advisor- who should you name as your beneficiary? A beneficiary is the individual or individuals who will receive your death benefit after you pass on. Though it may seem like an easy decision, it is certainly a part of the life insurance process worth taking the time to consider carefully. First, ask yourself... Read more →


When planning a trip, whether for business or vacation, many would consider the total purchase on par with buying consumer goods. You carefully weigh your options- locations, lodging, transportation, etc. - and then make the final decision. Within a few short clicks, you are set for your next excursion. However, with travel, the final payment is not the end of the deal. Take a moment to think of a trip as more of an investment. You are investing your time and resources (i.e. money) into travel plans that hinge on a multitude of variables all going in your favor. No... Read more →