Social media insurance inevitable?

[The Straight Story]

Social media insurance inevitable?


VANCOUVER, WASH. — As an increasing number of tweets and Facebook postings speed onto the information superhighway, some will inevitably crash and burn.

But unlike drivers caught in a car wreck, users behind careless tweets or nasty Facebook postings haven’t traditionally had any kind of insurance to bail them out.

They soon might.

Malcolm Randles, who issues cyber insurance policies for Kiln, a subsidiary of Lloyd’s of London, said brokers in Canada are keeping a keen eye on social media trends and are beginning to develop coverage for the consequences of unruly posts.

http://www.thestar.com/business/article/978955--social-media-insurance-inevitable