Articles by Elizabeth Blosfield

Elizabeth Blosfield is the East region editor for Insurance Journal. She can be reached at eblosfield@wellsmedia.com.

Proposed Bill Allowing Rider for Pandemic BI Coverage Moves Forward in New Jersey

A New Jersey bill that would allow business interruption insurers in the state to add a rider for virus and pandemic coverage is moving forward, with some in the industry saying it could encourage more insurers to provide this coverage. …

N.Y. Bill Aims to Give Policyholders Private Right of Action in Unfair Claims Disputes

A proposed bill in New York relating to unfair claims settlement practices would provide policyholders with a private right of action against insurers who refuse or delay payment of a claim. The bill comes as many policyholders have expressed frustration …

Experts Call Colonial Pipeline Attack a Wake-Up Call, Say Bigger Attacks Could Be Ahead

Cyber experts are saying that the Colonial Pipeline attack, in which ransomware took down 5,500 miles of critical infrastructure along one of the nation’s largest pipelines, should be a wake up call for all companies to prioritize their cyber hygiene. …

Insuring Cyber: Lacewell on How New York Became a Leader in Cyber Regulation

New York State Department of Financial Services (DFS) Superintendent Linda Lacewell spoke with Elizabeth Blosfield during the most recent episode of the Insuring Cyber Podcast about how she has always seen New York as a leader in cybersecurity and innovation. …

Penn. Court Says Tavern Entitled to Business Income Coverage for COVID-19 Losses

An insurer could have to pay for a Pennsylvania tavern’s business interruption losses after it shut down due to the COVID-19 pandemic because of a two-letter word in its policy. The Pennsylvania Court of Common Pleas for Allegheny County has …

How 3D Technology is Deepening Claims Efficiency in Insurance

The use of 3D technology has been a topic of discussion in insurance for years, but for an industry that is historically slow to adopt technological change, its impact has not yet been as widely felt as originally thought. However, …

Beneath the Surface: Why Insurers Should Look Beyond “the Tip of the A.I. Iceberg”

Nearly 75% of respondents in a recent survey from the Coalition Against Insurance Fraud and Shift Technology said they believe that among relevant technology, artificial intelligence (A.I.) will have the greatest impact on claims and fraud detection over the next …

Insuring Cyber Podcast: Social Engineering Risks Rising, but Cyber Coverage Still Lacks

The COVID-19 pandemic has upended the work environment in many ways, and cyber experts say one unfortunate result of the switch to remote work is an increase in cyber crime, particularly around social engineering threats. “The bottom line here is …

What Cyber Insurers Should Know About the Federal Ransomware Advisories

As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various methods cyber attackers are using, ransomware has continued to steal the spotlight. Ransomware is a type of malicious software that …

The Really, Really Big One: The Likelihood of a 1-in-100 Year Cyber Catastrophe

More than a year into what some have called a 1-in-100 year pandemic with COVID-19, many may be wondering what other unprecedented events could be on the horizon. For the cyber community, this raises questions about the likelihood of a …