Another nice bit of information about insurance markets from the Cyberinsurance article I blogged earlier: Fire insurance markets thus involve not only underwriters, agents, and clients, but also code writers, inspectors, and vendors of products and services for fire prevention and protection. Although government remains involved, well-functioning markets for fire insurance keep the responsibility for [...]
insurance
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AIG Perfect Example of Private Insurance
October 3rd, 2007 · 1 Comment
Tags: Risk · Risk Management · insurance
Don’t Regulate Cyberinsurance Markets
October 3rd, 2007 · 3 Comments
Any such security regulation can only reduce the amount of wealth and comfort the economy produces because it is foisting one man’s values upon another – “for the public good”. At Bejtlich’s recommendation, I read with great interest Cyberinsurance in IT Security Management by Walter S. Baer and Andrew Parkinson. The bulk of the paper [...]
Tags: Economics · Free Markets · Risk · Risk Management · Security · insurance