Brokers Packaging Cybersecurity with Cyber Insurance September 16, 2019 By Jim Sams Insurance retailers are teaming up with tech wizards to sell cybersecurity along with cyber coverage as a means of trimming...
Catastrophe Scenarios Highlight Need to Better Understand Cyber Risk September 10, 2019 As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report...
Cyber Insurers Need Loss Data to Properly Underwrite Risks June 24, 2019 By Elizabeth Blosfield While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge...
Costs of Cyber Attacks Can Doom Small, Medium Firms: Chubb February 22, 2019 The average price tag for a business to recover after a cyber attack is $400,000, which can be fatal for...
Travelers Wants Review of Court Ruling on Crime Insurance Loss Involving Email Fraud August 6, 2018 By Andrew G. Simpson Travelers Insurance is seeking a full Sixth Circuit court reconsideration of its three-judge panel ruling that said the insurer’s crime...
Fears of Hacking Increase Demand for Cyber Insurance May 10, 2017 By Oliver Suess For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping...
Businesses’ Data Breach Concerns Push Cyber Insurance Market Growth November 16, 2016 U.S. insurers are becoming more skilled at underwriting and pricing stand-alone cyber insurance policies as businesses show a greater interest...
Autonomous Cars’ Effect on Auto, Cyber Insurance September 22, 2016 By Denise Johnson Autonomous vehicles are expected to shake up the property/casualty market, as personal auto insurance premiums drop and cyber insurance steps...
Fitch: U.S. Insurers Writing Cyber Coverage Totaling $1B in Premiums September 1, 2016 About 120 U.S. insurance groups reported writing cyber coverage in 2015 totaling approximately $1 billion in direct written premiums volume,...
Federal Court Rules CGL Insurance Covers Data Breach April 12, 2016 By Andrew G. Simpson A federal appeals court in Virginia has upheld a lower federal court in ruling that a commercial general liability policy...