Broker urges patience as industry develops sustainable approach to ransomware and other cyber issues…unfortunately, the cyber crooks are anything but patient.
“Obviously, you can see just how difficult it is to be a broker right now, regardless of how up-front you are with renewing cyber insurance programs, because we’re reacting to the insurance carriers who are trying to figure this all out,” said Meredith Schnur, Canada & US cyber brokerage leader at Marsh. “And that has just caused a domino effect with everybody.”
Source: “Domino effect” as cyber insurers, brokers react to losses | Insurance Business