“According to a report released by Marsh LLC last week, average cyber liability rates increased 54% in July compared with 133% in December 2021.
Cyber rate increases are slowing but rates are still rising significantly, said Neil Kessler, Dallas-based president and chief operating officer of CRC Insurance Services Inc.
According to CRC’s analysis, 82% of the cyber liability accounts the wholesaler placed in June saw rate increases of at least 20%, and 44% of those accounts had an increase of more than 50%.”
Source: Cyber insurance pricing comes off COVID era highs | Business Insurance