Navigation Links
Markel Corporation Announces New DataBreach(SM) Privacy Liability Coverage
Date:12/10/2008

RICHMOND, Va., Dec. 10 /PRNewswire-FirstCall/ -- Markel Corporation is pleased to announce the launch of DataBreach(SM), its new information risk and privacy liability insurance product. DataBreach(SM) helps businesses manage risk associated with their reliance on information technology systems as it relates to confidential information in their custody or care.

DataBreach(SM) was created in response to the increase in identity theft that has been plaguing businesses worldwide in the past few years. It provides coverage for liabilities arising out of the breach of a company's duty to protect confidential information, whether it's on their website, network, the hard drive of a laptop, or in a paper file. The coverage also extends to a businesses liability arising out of an employee's misuse of his/her access to confidential information.

Due to the rise in identity theft, in recent years the government has stepped in by imposing data privacy regulations upon businesses that store personal information. Given that, businesses that must comply with HIPAA, GLB and Red Flag rules would find DataBreach(SM) of particular value.

Gerry Albanese, Markel Corporation's chief underwriting officer, said of the new coverage: "We're very pleased to bring DataBreach(SM) into the marketplace. With identity theft on the rise, the timing couldn't be better. The coverage offers businesses needed protection against the type of liability typically connected with unauthorized access to computer or other information systems."

DataBreach(SM) offers many desirable features, some of which follow:

-- Liability coverage for identify theft, breach of privacy, failure to protect confidential client data, transmission of spyware, viruses and other malicious code.

-- No sub-limit for defense of data privacy regulatory investigations.

-- Breach Mitigation coverage for notification, voluntary credit monitoring and public relations expenses

-- First party coverage for extortion, extra expense and restoration costs arising from an unauthorized access.

-- Electronic media coverage for non-media companies.

Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value. For more information on the Markel Group of companies, please visit www.markelcorp.com.


'/>"/>
SOURCE Markel Corporation
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Markel Reports Third Quarter and Nine-Month Results
2. Markel Expands Classes for Contagion Risk with OUTBREAK(R) Extra Expense Coverage
3. Providence Service Corporation Adopts Shareholder Rights Plan
4. United American Healthcare Corporation Issues Statement on Legal Motion Regarding Stock Repurchase Program
5. Triple-S Management Corporation Announces Conversion of Class A Shares and Commencement of Class B Stock Repurchase Program
6. Triple-S Management Corporation Signs Letter of Intent to Acquire Managed Care Portfolio of La Cruz Azul de Puerto Rico, Inc.
7. HLTH Corporation and WebMD to Webcast Annual Meetings of Stockholders
8. HLTH Corporation Announces Final Results of Its Tender Offer
9. United American Healthcare Corporation Announces Stock Repurchase Program
10. Response Biomedical Corporation Announces Initiation of Respiratory Syncytial Virus Infection Clinical Trial
11. The Westaim Corporation requisitions meeting of shareholders of NUCRYST Pharmaceuticals to return capital to NUCRYST shareholders
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/31/2016)... ... May 31, 2016 , ... CallTrackingMetrics's software gives ... monitor the performance of sales and support staff, and to efficiently route calls ... allows customers to record, transcribe, route, document, and report on everything going on ...
(Date:5/31/2016)... ... ... The Global Wellness Summit (GWS), an annual conference for international leaders ... spa and beauty in Europe. The organization asked its partner experts in Europe - ... - to forecast where wellness is headed in Europe. Predictions range from European nations ...
(Date:5/31/2016)... ... 2016 , ... Interest is on the rise for using the CRISPR-Cas9 system ... for RNAi hit validation. A key reason may be that high-throughput synthesis—combined with a ... RNA (crRNA) collections in arrayed formats. , Arrayed crRNA screens have ...
(Date:5/31/2016)... ... ... Dr. Charles A. Ditta attained his Doctor of Medical Dentistry Degree from ... where he graduated in the top ten percentile of his class. Dr. Ditta has ... has been a member in good standing for thirty years in the American Dental ...
(Date:5/30/2016)... (PRWEB) , ... May 30, 2016 , ... As the ... for their children and their efforts to keep their households lice free. , ... Hawaii are enacting new policies that keep kids in the classroom despite the fact ...
Breaking Medicine News(10 mins):
(Date:5/31/2016)... May 31, 2016  Diplomat Pharmacy, Inc. (NYSE: ... that Phil Hagerman , Chairman & CEO, and ... Blair 36 th Annual Growth Stock Conference in ... Mr. Whelan are scheduled to present at the conference on ... live audio-only webcast of the presentation and related presentation materials ...
(Date:5/31/2016)... , May 31, 2016 ... and Annotate Content From Elsevier,s ScienceDirect Database ... scientific, technical and medical information products and services, ... Berlin -based scientific collaboration platform PaperHive to enable ... over 12 million articles on ScienceDirect , ...
(Date:5/31/2016)... PUNE, India , May 31, 2016 ... 2016" market research report with comparative analysis of Asthma ... mechanism of action (MoA), route of administration (RoA) and ... and press releases. It also reviews key players involved ... on late-stage and discontinued projects. Complete report ...
Breaking Medicine Technology: