Fiduciary Archives

11 12, 2023

ERISA Fiduciary Concerns Relating To Cybersecurity: Part I – Theft Of Plan Assets
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ERISA Fiduciary Concerns Relating To Cybersecurity: Part I – Theft Of Plan Assets

@PLUS, Cyber, Fiduciary, Guest Blog, PL Insurance

ERISA Fiduciary Concerns Relating To Cybersecurity: Part I – Theft Of Plan Assets

By PLUS|2023-12-11T12:20:08-06:00December 11, 2023|@PLUS, Cyber, Fiduciary, Guest Blog, PL Insurance|0 Comments

The 1920s and 1930s were infamous for bank robberies, where robbers disguised themselves as Santa Claus[i] and answered questions by stating that banks are robbed “because that’s where the monies at.”[ii] Fast forward about 100 years, cybercriminals do not need to disguise themselves as Santa Claus, and as to where the monies at – well, U.S. retirement plan assets totaled $36.7 trillion as of the second quarter of the 2023.[iii] Since a cyber breach is not a matter of if it will occur, but a matter of when, fiduciaries of retirement plans should be addressing this risk. This blog will [...]

Baby Boomers Impact on Financial Lines Insurers of Investment Advisers

By PLUS|2023-03-02T08:57:17-06:00March 2, 2023|@PLUS, E&O, Fiduciary, General Risk Management, Misc. Lines|0 Comments

The significant impact that the large aging baby boomer population will have on Investment Advisers and, by extension, financial lines insurers underwriting is underway. Ripple effects of retirement, decumulation and wealth distribution directly impacts adviser income and may result in conflicts and refocus toward more aggressive, riskier investment strategy. Being able to navigate this investor profile shift and insure advisers requires understanding of the tremendous influence the Boomer generation has on the economy and equity markets. According to 2020 records from the U.S. Census Bureau, Boomers, born in the two decades following the end of World War II (between 1946 and [...]

PLUS 2022 Conference Content Available to Members

By PLUS|2023-01-26T10:32:24-06:00January 26, 2023|@PLUS, Cyber, D&O, EPLI, Fiduciary, PLUS Conference|0 Comments

The PLUS Conference provides education on the latest in trends and in-depth news from leading experts in the insurance industry. If you missed the in-person sessions in 2022 they are available on-demand for PLUS members to view. Sessions include: Cyber Insurance - Duckling or Swan? Fact or Fiction About the D&O Market Never-Ending Story: Exposures Facing Fiduciaries and Their Insurers Waking the Beast: The Claims Process in a Post-Pandemic World Industry Leaders: Evolution of the Insurance Market EPL Wheel of Fortune - COVID Conundrums & Judicial Quandaries You can watch the recordings here. If you are not a PLUS member [...]