Media/Professional Insurance Announces Enhanced CyberLiability Plus(TM) Policy Form
17 Août 2005 - 5:16PM
PR Newswire (US)
Coverage now includes insured's unintentional and unauthorized
tampering and intentional actions by rogue employees KANSAS CITY,
Mo., Aug. 17 /PRNewswire-FirstCall/ -- Media/Professional Insurance
announced today the release of CyberLiability Plus(TM), an enhanced
policy form that addresses the rapidly evolving risks and exposures
of organizations that are dependent on the Internet for all or part
of their business. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO )
Media/Professional Insurance's original CyberLiability Plus(TM)
policy form was introduced in 1999 and was one of the first of its
kind to provide coverage for services provided, and content
created, by firms that are web- based, doing business on the
Internet or using other technologies. Now, Media/Professional
Insurance, in partnership with the AXIS U.S. Insurance companies,
has refined, improved and expanded the coverage provided by this
premier product to include significant enhancements, including: --
Expanded coverage for claims resulting from the insured's
unintentional and unauthorized tampering with or introduction of
malicious code into data or systems; -- Expanded coverage for
claims resulting from the intentional wrongful conduct of "rogue"
employees; -- Defense provided for allegations of criminal,
fraudulent, malicious or intentionally wrongful conduct; --
Coverage for claims made by entities that own an interest in the
insured (such as minority shareholders) but who are not a parent,
affiliate, subsidiary, joint venturer, co-venturer or partner of
the insured. Said Mary Schust, chief underwriting officer,
Media/Professional Insurance: "As reliance on technology continues
to increase, companies' exposures become more varied and complex.
Our new CyberLiability Plus(TM) product addresses the issues
brokers and insureds have told us are the most critical -- and are
not covered by their general liability or errors and omissions
policies." This enhanced form now covers what has become an
increasingly large gap between traditional insurance coverage and
the risks associated with providing technology services or even
simply maintaining a company website. Said Michael Born, vice
president of claims, Media/Professional Insurance: "The security
measures a company takes to protect its own and its clients' data
and systems, while very important, can never be perfect. No amount
of security can prevent unauthorized access by a company's own
'rogue' employee, nor can it always prevent the accidental
introduction of a virus or other loss of data. Our policy is now
designed to protect the insured for claims arising out of these
unavoidable risks." As with prior versions of the policy,
CyberLiability Plus(TM) provides coverage for the content of the
insured's website or other electronically published materials, an
exposure typically excluded by other insurance. About Aon Aon
Corporation ( http://www.aon.com/ ) is a leading provider of risk
management services, insurance and reinsurance brokerage, human
capital and management consulting, and specialty insurance
underwriting. There are 47,000 employees working in Aon's 500
offices in more than 120 countries. Backed by broad resources,
industry knowledge and technical expertise, Aon professionals help
a wide range of clients develop effective risk management and
workforce productivity solutions. Media/Professional Insurance is a
recognized technology and cyber liability insurance leader. Please
visit http://www.mediaprof.com/ for downloads of policies and
applications, or contact Roxanne Westfall, vice president of
underwriting, at (816) 471-6118. For more information, contact:
Thaddeus Woosley, 312.381.2446, This press release contains certain
statements related to future results, or states our intentions,
beliefs and expectations or predictions for the future which are
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from either
historical or anticipated results depending on a variety of
factors. Potential factors that could impact results include:
general economic conditions in different countries in which we do
business around the world, changes in global equity and fixed
income markets that could affect the return on invested assets,
fluctuations in exchange and interest rates that could influence
revenue and expense, rating agency actions that could affect our
ability to borrow funds, funding of our various pension plans,
changes in the competitive environment, our ability to implement
restructuring initiatives and other initiatives intended to yield
cost savings, changes in commercial property and casualty markets
and commercial premium rates that could impact revenues, changes in
revenues and earnings due to the elimination of contingent
commissions, other uncertainties surrounding a new compensation
model, the impact of investigations brought by state attorneys
general, state insurance regulators, federal prosecutors, and
federal regulators, the impact of class actions and individual
lawsuits including client class actions, securities class actions,
derivative actions, and ERISA class actions, the cost of resolution
of other contingent liabilities and loss contingencies, and the
difference in ultimate paid claims in our underwriting companies
from actuarial estimates. Further information concerning the
Company and its business, including factors that potentially could
materially affect the Company's financial results, is contained in
the Company's filings with the Securities and Exchange Commission.
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Thaddeus Woosley of Aon Corporation, +1-312-381-2446, Web site:
http://www.mediaprof.com/ http://www.aon.com/
Copyright