HSB Identity Recovery Coverage, which provides identity theft insurance and related services for employees of a business, has been extended to family members and other groups including membership associations, university students and alumni, HSB, part of Munich Re, announced.
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HSB Identity Recovery Coverage extends identity theft insurance and services to employees, family members, college students and alumni association members.
The coverage available through insurance agents and brokers also has been expanded to combine expense reimbursement with additional identity theft detection services that can monitor personal identity records and help individuals respond if they become victims of identity theft.
“Identity thieves are always finding new ways to steal personal data and exploit that information,” said David Mercier, senior vice president for HSB. “It’s a crime that’s not going away. So, it’s important for insurance coverage to stay ahead of changing risks.”
A recent HSB cyber survey shows that 23 percent of individuals have had their personal identity stolen – the third straight increase since the company began nationwide polling of consumers.
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Identity theft victims need help to regain control of their identity and credit standing. People can spend months, even years, and thousands of dollars dealing with identity theft and fraud.
The new HSB Identity Recovery Coverage includes four coverage and service components:
- Identity recovery help line operated by experienced counsellors who can answer questions and provide information and resources.
- Case management services to guide the victim through the process of restoring their identity.
- Expense reimbursement for out-of-pocket costs, legal fees and other financial charges.
- Optional monitoring services provided by Kroll, a global leader in cyber response, including access to credit monitoring, dark web monitoring and other monitoring capabilities to help individuals spot signs of identity theft.
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