Arch Insurance Group Announces New Network Security & Privacy Product.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Arch Insurance Group (Arch), a division of Arch Capital Group Ltd., recently announced its new Network Security & Privacy coverage--called Arch NetSafe(sm). Arch NetSafe(sm) is designed to protect a company's liability to third parties and their own business income and data asset loss from network security and privacy exposures (e.g. computer viruses, denial of service attacks, cyber extortion, unauthorized access, stolen laptops, etc.). Arch has been writing this type of coverage for six years and was one of the first markets to offer comprehensive enterprise network security coverage. The new product, Arch NetSafe(sm), will be written on an open brokerage basis. "These types of exposures are more top-of-mind for risk managers than ever. We've developed a solution to network security and privacy exposures that provides a comprehensive package of both coverage and innovative information support to help risk managers combat these evolving risk issues," said Kevin Kiernan, Vice President- Professional Liability. The innovative information support tools come in the form of a value-add to this policy. Policyholders will benefit from the new web-based service-- eRisk Hub([R]), to assist them in their effort to effectively manage their enterprise network and privacy risk. This private web-based portal arms policyholders with information and technical resources that help in the prevention of network, cyber and privacy losses, and support them in the timely reporting and recovery of losses if an incident occurs. Once an incident occurs, clients may need immediate help and expertise to respond and recover. Because incidents can be very complex, these companies may need assistance across a broad range of disciplines, including legal/regulatory compliance, information technology (IT) security, privacy, disaster recover/business continuity, computer forensics, forensic accounting Forensic accounting, sometimes called investigative accounting, involves the application of accounting concepts and techniques to legal problems. Forensic accountants investigate and document financial Fraud and white-collar crimes , public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , credit monitoring and law enforcement. Key features of the eRisk Hub service include: * Incident HELP Hotline: staffed by security experts, immediate triage triage Division of patients for priority of care, usually into three categories: those who will not survive even with treatment; those who will survive without treatment; and those whose survival depends on treatment. of assistance in event of a breach * Incident Roadmap: a step-by-step guide on how to manage an incident * News Center: up-to-date information on cyber risk stories, security and compliance blogs, security news, risk management events, helpful links * Learning Center: best practices articles, white papers by leading technical and legal experts on compliance, network security, privacy and breach recovery. * eRisk Resources Directory: helps to quickly find external resources with deep expertise in pre and post breach disciplines The portal is powered and maintained by NetDiligence([R]), a leading cyber risk assessment services company. Arch Insurance Group Inc. is a division of Arch Capital Group Ltd., a Bermuda-based company that provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. on a worldwide basis through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . For more information, visit www.archinsurance.com. Insurance coverage is underwritten by one or more member companies of Arch Insurance Group in North America, which consists of Arch Insurance Company (a MO corporation, NAIC NAIC See National Association of Investors Corporation (NAIC). # 11150), Arch Specialty Insurance Company (a NE corporation, NAIC #21199),Arch Excess & Surplus Insurance Company (a NE corporation, NAIC # 10946) and Arch Indemnity Insurance indemnity insurance Managed care A type of health insurance in which a Pt can choose the hospital and provider, and the insurer reimburses the Pt or provider for a set percentage of the cost, minus deductibles and co-payments Company (a NE Corporation, NAIC #30830). Executive offices are located at One Liberty Plaza One Liberty Plaza is a skyscraper in lower Manhattan, New York, which resides at the location of the former Singer Building (in 1968, the second tallest building to be demolished). One Liberty Plaza is currently owned and operated by Brookfield Properties. in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. 10006. Not all insurance coverages or products are available in all jurisdictions. Coverage is subject to actual policy language. This information is intended for use by licensed insurance producers. |
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