Tag Archives: Axis Insurance Services

How Small Businesses Can Prevent Commercial Crime

How Small Businesses Can Prevent Commercial CrimeAs a small business owner, you are faced with a lot of expenses just to keep your business running. When it comes to insuring your property like your building, equipment and inventory, those are tangible losses that you can visualize and put a value on. But, when it comes to commercial crime insurance, you may hesitate.

You think you are surrounding yourself with trustworthy people, so no need for …

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Artificial Intelligence in the Workplace and Cyber Security Concerns

Artificial Intelligence in the Workplace and Cyber Security ConcernsMany of you have probably used some form of artificial intelligence in your day-to-day lives, whether it is using Amazon’s Echo or Apple’s Siri to gain information or Tesla’s Autopilot feature on the road. Artificial intelligence isn’t just growing in our everyday lives; many businesses today are starting to implement artificial intelligence and machine learning into their workplaces to perform certain duties, increase productivity, and take some of the strain

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Cyber Crime: WannaCry Screams the Need to Protect Against Ransomware

Cyber Crime: WannaCry Screams the Need to Protect Against RansomwareRansomware as a threat has been on the scene for a while, but it’s increasingly rising and widespread. Take a look at WannaCry, the recent ransomware that affected more than 200,000 computer systems in more than 150 countries and crippled transportation and hospitals globally. The majority affected were Windows-based computers that were not updated with a recently available and easily deployed patch.

Ransomware is a type of malware that, upon

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Reviewing Provider Fees and Services Integral to Fiduciary’s Responsibility

Reviewing Provider Fees and Services Integral to Fiduciary’s ResponsibilityLast year it came to light that several prominent universities, including MIT, Yale, NYU, and Emory, were facing lawsuits by their employees alleging their retirement programs were being slammed with excessive fees along with other fiduciary breaches. Knowing that a plan is being reasonably priced is a vital fiduciary duty, whether you are providing employees with a 401(k)-type plan or a benefit plan under the Employee Retirement Income Security …

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What Does New York’s New Cyber Rules Mean for Banks, Insurers?

What Does New York’s New Cyber Rules Mean for Banks, InsurersNew York became the first state in the U.S. to implement cyber security regulations, which began rolling out on a staggered basis, over a two-year period, as of March 1. The New York Department of Financial Services will require banks and insurance companies to vouch for their resilience to cyber attacks. The rules, in the works since 2014, followed a series of high-profile data breaches that resulted in losses of …

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Cyber Security Hacking by Chinese Traders A Wake Up Call for Law Firms

Cyber Security Hacking by Chinese Traders A Wake Up Call for Law FirmsAccording to a recent unsealed federal indictment, three Chinese traders hacked into the computer systems of prominent U.S. law firms and stole non-public information on mergers and acquisitions, netting the hackers more than $4 million in illegal profits. These allegations are just the latest red flags for law firms, which have long been considered vulnerable to cyber attacks.

The traders upon hacking into the systems bought shares of at …

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Axis Insurance Services, LLC CEO Appointed to PLUS Steering Committee

Axis Insurance Services, LLC CEO Appointed to PLUS Steering CommitteeAxis Insurance Services, LLC CEO Appointed to PLUS Steering Committee

FRANKLIN LAKES, NJ— Axis Insurance Services, LLC is pleased to announce that our company President/CEO, Mike W. Smith has been appointed to serve on the Professional Liability Underwriting Society’s Eastern Chapter Steering Committee.

This designation affirms that Mr. Smith has continued to maintain a leadership position in the leadership position in the professional liability insurance industry.

The PLUS Eastern Chapter …

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