February 2016 News & Views

Tuesday, February 23, 2016

This month I wanted to share some information on Cyber exposure insurance. It is amazing the amount of exposure that is emerging from hackers getting into business' databases or servers. It is not just about large companies like Target, JP Morgan, or Anthem that we all hear about. It is happening daily across all size businesses. Exposures for any personal data accessed and taken by hackers could be "ransom payments" (yes, there is a huge marketplace for ransom dollars to get you your data back), to regulatory costs associated with state-by-state regulations on what is required of the business to do once they have been breached, to 3rd party claims for damages to the people whose data was stolen. Almost every company has private data on their servers, from employee data to client data.

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Aging biz owners create opportunities, risks for insurance industry

Friday, December 18, 2015

With about 150-plus employees, mostly in the Nutmeg State, including 90 in Glastonbury, Smith Brothers has ambitions to double in size over the next five years, through organic growth and more deal-making, said Joe Smith, president and CEO of the firm founded in 1972 by his uncle and late father. Driving that opportunity, in part, is demographics. There are myriad small insurance agencies with aging owners looking for succession plans and who have business niches and staff attractive to Smith Brothers.

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Smith Brothers helps local children for the 9th straight year

Friday, December 11, 2015

Smith Brothers Insurance in Glastonbury sponsored 25 children in need and raised $8,250 for the Connecticut Education Foundation’s Holiday Bear Project. This is the ninth year in a row

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Smith Brothers Insurance Acquires Bayberry Insurance of Groton

Monday, November 16, 2015

Smith Brothers Insurance, LLC has purchased the assets of Bayberry Insurance of Groton, Connecticut. Bayberry was founded by Pamela Atkins, CIC in 1989 to help protect families and businesses throughout the Southeastern Connecticut region

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