2013 Hazard Insurance Vulnerability 
Online Computers
DECEMBER 21, 2023
In 2013, thieves stole two laptops from Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ), the state’s largest healthcare provider. Using unauthorized laptops illustrates the hazards of shadow IT within a company. This data breach led to Horizon BCBSNJ paying $1.1
Reciprocity
AUGUST 24, 2022
Not long ago, risk managers concerned themselves mainly with hazards such as fires and floods; or in the financial sector, loan defaults (credit risk). Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. Many Needs, One Solution.
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