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Haylor Risk Management Blog

Anto Almasian, AAI

Anto is a Risk Management Advisor with Haylor, Freyer & Coon primarily focused in the construction, manufacturing and wholesale industries. He has several years of industry experience working on a diverse range of risk profiles. Prior to joining HF&C Anto held management positons on both carrier and agency sides of the business. Anto creates risk management solutions using common sense, common courtesy and clear communication for a transparent experience that puts the client’s needs first so businesses can pursue their goals with confidence. Anto also takes a proactive approach with his clients using loss control, safety programs, training sessions and risk transfers to help mitigate losses before they happen. Anto is a graduate of Colgate University where he obtained his BA. At Colgate he was a member of the Division 1 FCS Football team and is currently a member of the Maroon Council. In 2018 Anto obtained his Accredited Advisor in Insurance (AAI) designation in order to best serve his clients.

Recent Posts

Beware the New Cyber Insurance Trap

Posted by Anto Almasian, AAI on Feb 23, 2024 1:25:57 PM

Understanding "Out-of-Band Verification" Clauses

The landscape of cyber insurance and the terms and conditions offered by providers are shifting. An increasingly common clause raising eyebrows is the "out-of-band verification" requirement. This stipulation, often buried within policy details, can significantly impact your coverage in case of cyberattacks like social engineering and funds transfer fraud.

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Topics: Breach, Cyber, Ransomware, Hack, Hacking, Data, Insurance, Spear Phishing


Posted by Anto Almasian, AAI on Sep 27, 2023 12:59:10 PM

If you think all cyber insurance policies are the same, think again!

What may surprise you is that, unlike many other insurance policies you purchase, cyber policies don’t share any common policy forms. Each carrier custom tailors their insuring agreements that make up your policy. Technically, this is referred to as a “Named Perils” policy. The coverage only applies to what’s explicitly stated in the policy.

So why is this important? Many policyholders believe that when shopping for cyber insurance, as long as the limits match, the process is apples to apples. Unfortunately, that’s not the case. Policyholders (aka “insureds”) need to be hyper-aware that depending on the policy, coverage can change.

For example, cyber crime is often a reason for insureds to purchase coverage. Stories of Wire Transfer Fraud and ransomware are rampant for a good reason. According to the law firm BakerHostetler’s 2023 Data Security Incident Response Report (bit.ly/BakerHReport), the current year has experienced dramatically increased ransomware activity compared to 2022. Their research also has shown that ransomware accounts for 28% of all cyber incidents, with an average ransom payment of over $600,000 and significantly longer recovery times than in years past. Wire Transfer Fraud wasn’t far behind, accounting for 13% of incidents, with a median wire transfer loss of $97,044 and funds recovery on only 24% of all cases.

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Topics: Breach, Cyber, Ransomware, Hack, Data, Spear Phishing

Cyber Crime is Here to Stay

Posted by Anto Almasian, AAI on Mar 10, 2022 1:34:07 PM

If it seems like every couple of weeks there’s a cyber-incident dominating the evening news; it’s because there truly is. Cyber-Attacks, especially those involving Ransomware, have taken center stage in news coverage since the start of the Covid-19 pandemic. And now, with the situation in Ukraine, the Cyberthreat is even greater. 

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Topics: Cyber, Ransomware, Hacking, Risk Management