Coalition Moves Upmarket
The Company is now offering its active cyber insurance to companies with up to $5 billion revenue. “The company’s increased capacity above its existing limit of $1 billion comes from…
The “Peace Garden State” Offers Innovative Cybersecurity & Insurance Program for State/Local Agencies
[Yes, we didn’t know that’s North Dakota’s office nickname.] How to help state/local governments improve their cybersecurity when cyber employees are scarce, threats many and insurance expensive? An innovative approach…
Insurers Claim NotPetya Was “Cyber Nuclear Attack”
[Paywall may apply] “The costly NotPetya cyberattack, which the U.S. blamed on Russia, should be considered a ‘cyber nuclear attack,’ insurers argued as they urged judges to overturn a legal…
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How Many Clients Make Claims on their Cyber Insurance Policies?
It seems fair to say that definitive numbers remain as elusive as a North Korean hacker. The Wall Street Journal‘s Pro Research did a survey late last year indicating 6%…
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Supply-Chain Risk Continues to Bedevil Large Companies and their Cyber Insurers
We’ve all heard the horror stories of companies hacked via penetrations of their vendors and partners. “’A company can take out insurance for third parties, but we don’t see a…
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Better Risk Quantification Needed to Grease Skids for Cyber ILS: DeNexus/Artemis
“’Regardless of whether ILS (Insurance-Linked Securities) markets are not fully appreciating the differences between NatCat and cyber, a demonstration that the original risk is being assessed with appropriate granularity is…
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BOXX Lands $14.4m B Round, Led By Zurich
With this round, the insurtech has raised US$24.5 million. Zurich Insurance participated in both rounds. BOXX says it’s grown 10X in the last 24 months and now serves over 250,000…
More Government Control and Less Reliance on Cyber Insurance: Predictions on Forthcoming National Cyber Strategy
The hints come from an article by the National Security Agency’s (NSA) former general counsel, Glenn S. Gerstell, who’s been involved in development of the plan. He predicts a much…
Whoever Underwrote this Hospital System May Not Be Sleeping Well
…unless the hospital has no cyber insurance, in which case the board and CEO are the ones with insomnia. Tallahassee Memorial HealthCare, a 772-bed hospital with specialty care centers, has…
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New Cyber Insurance Company Announces $10m Round for Solution Combining SaaS Cyber Sec Tools with Insurance
Guardz offers “a SaaS-based set of low-code security tools designed for businesses using cloud services, designed to be implemented without any specific security or advanced technical expertise; and insurance to…