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“’So then the question is going to be, well, is there coverage for the attack? Is there coverage for the fire? Does the policy exclude coverage for both? And these…
Read More ““Physical” Cyber Attacks to Vex Insured and Insurers ” »
According to the report, Microsoft and AWS are offering the service, but Google is most advanced. “The crux of the approaches is the use of a customer’s IT configuration data…
Read More “Major Cloud Players Increasingly Sharing Client Data With Cyber Insurers ” »
“Around 90% of ILS fund managers are concerned about the potential for silent cyber exposure within their funds, said S&P, quoting PCS, a Verisk business and provider of catastrophe data….
Read More ““Silent Risk” Holding Back ILS Market for Cyber ” »
“New research released this week revealed that 64% of security decision-makers across the US, UK, France, Germany, Belgium, Netherlands and Australia suspect their organization has been directly targeted by a nation-state…
“In its ‘2022 Cyber Insurance Market Trends Report,’ Panaseer surveyed 400 insurers across the globe; respondents cited cloud security as the top factor when assessing security postures because of the…
Read More “What Security Factors Worry Insurers the Most? ” »
“As of March 31, when coverage begins or is renewed, syndicates must exclude state-backed cyberattacks from policies that protect against physical and digital damage caused by hacks, Underwriting Director Tony…
“When SJ filed its claim with Travelers, the court noted, it did so only under the social engineering fraud agreement. After realizing the policy limit on computer fraud was 10…
“The result: Coalition gains a property and casualty insurer licensed in all 50 states. Financial terms of the deal were not disclosed… Shawn Ram, head of Insurance for Coalition, described…
Read More “Coalition Buys Prop/Casualty Insurer from Munich Re ” »
“(T)he rise of smart, connective technology in vehicles has also exposed new weaknesses that hackers can exploit. A report by Upstream Security revealed that automotive cyber security incidents spiked 225%…
Read More “This Brings a New Element to Car Insurance — Cyber Attacks on “Connected Cars” Surge ” »
Hope of a government bailout doesn’t strike us as a realistic assumption for the vast bulk of ransomware attacks… “Only 19 percent of those surveyed have ransomware coverage limits above…
Read More “Companies Hoping Government Will Cover Cyber Losses: Survey ” »