By: Michael Welch Big I Advantage Marketing Assistant
 Cyberbullying is a vicious attack, usually on a vulnerable young person, and has the potential of doing lasting psychological and emotional damage. Besides direct attacks, bullies can use the same tactics as other hackers to gain access to a person's computer and use anything private that might be embarrassing against them, either by posting the info online or by blackmailing the victim.
Ransomware encrypts your files and demands a payment in untraceable bitcoins within a certain period in exchange for the electronic key to unlock them. I've personally known several victims of ransomware. One person paid and had his files unlocked, others did not and either lost the data or recovered the information using back-ups The FBI does not recommended paying the ransom, stating, "Paying a ransom not only emboldens current cyber criminals to target more organizations, it also offers an incentive for other criminals to get involved in this type of illegal activity."
Other forms of personal cyberattack are less well-known, but are broken down by AIG with this set of case studies. AIG's CyberEdge not only provides coverage beforehand but offers credit monitoring and fraud prevention as well as identity protection information and resources to head off attacks, plus a 24/7 hotline. For your clients with greater levels of risk, AIG offers reduced rate access to K2 Intelligence which includes a holistic assessment, best practices and training for family members, and more.
AIG's Private Client Group homeowner coverage is available for dwelling replacement cost coverage valued at $500k or more in most states.
Included are:
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Guaranteed replacement cost - Included
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Back-up of sewers and drains - Included; up to dwelling value
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Business property - Up to $25,000
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Deductible options - Up to $100,000 available
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Primary flood - Available
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Equipment breakdown - Available
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Identity fraud restoration expenses, ATM robbery, and financial fraud, embezzlement or forgery - Available
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Traumatic threat or event recovery - Available
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Green rebuilding expenses - Available
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Waiver of deductible on losses over $50,000 - Available
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Replacement cost cash out option - Included
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Lock replacement - Included; no deductible
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Food spoilage - Included
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Loss prevention devices following a claim - Included; up to $2,500 available
AIG's Private Client Program and is available to registered members in all states. Cyber your way over to Big "I" Markets and click on Affluent Program - New Business to learn more!
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BONUS - AIG Webinar - Collections:
Wednesday, March 1st - 2:00pm -3:00pm EST
We appreciate the dedication it takes to build a unique collection-of artwork, jewelry, wine, antiques or virtually any other rarities-and we share your attention to detail when it comes to insuring it. AIG Private Client Group, a division of the member companies of American International Group, Inc. (AIG), can curate a thorough plan to safeguard your prized possessions, as if they were our own.
Following are just a few of the many advantages of our private collections insurance:
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Comprehensive coverage
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150% valuation
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Newly acquired items
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Care, custody and control
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Worldwide protection
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Items in transit
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Wine coverage
In addition to robust insurance coverage, AIG Private Client Group can help preserve the value of your collection and keep it out of harm's way. Our in-house art collection management specialists out of harm's way. Our in-house art collection management specialists offer a comprehensive array of insurance coverage, AIG Private Client Group can help preserve the value of your collection and keep it out of harm's way. Our in-house art collection management specialists offer a comprehensive array of services, including:
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Coverage reviews
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Vulnerability assessments
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Emergency planning
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Referral service
Please join us to learn more about the AIG Private Collections program.
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SPECIAL FEATURE
Start Selling Architects & Engineers E&O: Webinar Opportunity 2/24
 Big "I" Markets is working to build awareness about a big member benefit available through www.bigimarkets.com: access to Architects and Engineers Professional Liability from CBIC, an RLI company.
The market potential for this product is impressive: an estimated written premium of $500 million in the U.S. CBIC is a leading writer of A&E and would like to work with Big "I" members to reach more of these accounts. No one knows their local businesses better than Big "I" members.
Access this market leading product and enjoy highly competitive 12% commission with no direct appointment necessary. Your Big "I" Markets membership gives you direct access to this elite product. The program features A+ rated paper and a flexible, knowledgeable underwriting team, a tenured claims team with strong A/E experience, an admitted product, worldwide coverage and supplemental payments.
Learn more about this opportunity with an informative webinar session on Friday, Feb. 24th. Clarence Sproul of CBIC will discuss the ins and outs of the product and program features. We will be discussing program history, program eligibility and program highlights. Join us for this free information session and learn how your agency can take advantage of this unique partnership with CBIC and Big "I" Markets.
Date: Friday, February 24
Time: 2:00pm - 3:00pm Eastern
Cost: FREE
Click here to register.
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 With ransomware the usual target is an individual, and the average demand is a few hundred dollars. Now businesses are being targeted more often due to the higher potential payout. Unfortunately since you are dealing with criminals there is no guarantee that your files will be unlocked, as this Kansas hospital discovered when they received a second payment demand. Even the police aren't immune as the D.C police were hit with a ransomware attack just before the inauguration and the Cockrell Hill police lost some of eight years of evidence.
CNA offers Technology Super Choice Endorsement for your small commercial risks with an expanded definition of business personal property to include computers, software and data. When the technology E&O endorsement is added to the CNA Connect policy, the following optional coverages are available:
Information Risk endorsement addresses:
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Extension of Network Security and Privacy Injury Liability beyond the performance of services
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Coverage for emotional distress in absence of physical bodily injury
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A sublimit for Privacy Regulation Proceeding including privacy regulatory fines
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Online and offline breaches, which include removable media and paper files
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A Privacy Event Expense sublimit that is triggered based on the event rather than a regulatory requirement
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A Network Extortion Expense sublimit
Media Liability endorsement addresses:
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The response to content injury committed in the performance of a media activity
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The violation of an individual's rights of publicity, including commercial appropriation of name, persona or likeness
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Libel, slander, product disparagement, trade libel
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Content injury includes items such as infringement of copyright, title slogan, logo trademark, trade name, trade dress, service mark or service name
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Copyright of software code available by endorsement
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Broad definition of media activities include developing, producing and recording media
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Dissemination of media through any medium by any means
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Unfair competition or trade practices, including misleading advertising
CNA is available in all states except AK and HI. For more information, log into www.bigimarkets.com and click on Small Commercial Standard Markets or contact Big "I" Markets commercial underwriter Tom Spires at tom.spires@iiaba.net or (800) 221-7917.
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Remember that you can view the following webinars 24/7 by checking out the BIM Webinar Library. To do that log onto Big "I" Markets and click on "Publications".
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AIG Private Client Group Homeowner - Overview NEW
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TravPay
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Commercial Lessor's Risk
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Affluent Homeowners
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Travel Insurance
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Community Banks
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Affluent Homeowner
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Real Estate E&O
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RLI Personal Umbrella
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"Oh, by the way...Flood Sale"
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Habitational
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Student Housing
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BIM WEBSITE TRAINING WEBINAR
For all you folks who recently registered for Big "I" Markets, remember you can participate in a webinar from the comfort of your office to help you learn how to navigate around the system. Every Thursday at 2:00 p.m. EDT we'll show you how to navigate the Big "I" Markets platform, including how to submit a quote! A recording of this webinar can be found under "Publications" after logging into Big "I" Markets.
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Big "I" Product Webinars
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Friday, February 24 - 2:00 - 3:00pm EST. "Architects & Engineers Webinar with CBIC an RLI Company". Big "I" Markets is working to build awareness about a big member benefit available through www.bigimarkets.com: access to Architects and Engineers professional liability from CBIC, an RLI company. Learn more about this opportunity with an informative webinar session on Friday, Feb. 24th. Clarence Sproul of CBIC will discuss the ins and outs of the product and program features. We will be discussing program history, program eligibility and program highlights. Join us for this free information session and learn how your agency can take advantage of this unique partnership with CBIC and Big "I" Markets. Click here to register.
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Tuesday, February 28 - 2:00 - 3:00pm EST. "Chubb Masterpiece - Overview ". Meghan Jackson, DC Business Development Manager for Chubb Personal Risk Services, will present a 'back to basics' view of the Chubb Masterpiece policy and contrast it with the ISO contract. The first webinar in what will be a larger educational series will review the various property policies offered (deluxe home, condo, co-op, city home, and vacation home) and the bells and whistles that come with each one. Click here to register.
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Wednesday, March 1 - 2:00 - 3:00pm EST. "AIG Private Client Group - Collections". Join Lisa Gelles, AIG Private Client Group Business Development Manager as she breaks down AIG's Private Collections product. She will discuss the various coverages and services provided to your clients for their valuable collections. Click here to register.
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Big "I" Virtual University Webinars
Don't miss the following education opportunities provided from the Big "I" Virtual University experts that focus on topics agents need to know to make a smart start in 2016. For more information, contact national staff.
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February 15 - 1:00 - 3:00pm EST. "Understanding Commercial Property Underwriting - COPE in all its Glory". Today's commercial property underwriters use the same information their predecessors used nearly 400 years ago: Construction, Occupancy, Protection, and Exposure. Combined, these four elements are known as "COPE underwriting." Join Big "I" VU Executive Director Chris Boggs as he instructs participants in the purpose of and methodology for gathering all necessary commercial property underwriting information. In addition, this course discusses what can be done to reduce and control losses using "COPE" data. Click here to register.
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March 15 - 1:00 - 2:30pm EDT. "Is the Absolute Pollution Exclusion Really Absolute? Hint: NO!". ". During the 90 minute webinar Chris Boggs will tear into, or tear apart, the so-called "absolute pollution exclusion." Beyond a detailing of the exclusion and its exceptions, we: (1) Discuss and detail some key terms and concepts found within and applicable to the "absolute" pollution exclusion; (2) Define "pollutant"; (3) Detail the need for a "causal connection" between the release of a pollutant and damage; and (4) Introduce the historical purpose of the pollution exclusion. Click here to register.
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BIG "I" MARKETS SALE OF THE WEEK
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