The Source for Cyber Insurance News, Insights and Data
Editor City council in Oskaloosa increases cyber liability coverage from $250,000 to $1,000,000. “‘One of the most valuable items this service provides is immediate access to forensic experts who can take over with the first phone call, providing staff guidance on what to do, what not to do and to assist in the recovery of lost … Read more
“‘There are a lot of companies that have gone through renewals and ended up either becoming uninsurable or implementing some new controls just to get to the point of being insurable,’ (Nick Santillo, vice president of digital infrastructure and security at American Water) told a gathering of water company executives in Washington, D.C. for … Read more
“The company helps MGAs, MGUs, and (re)insurers become more profitable by providing risk management tools and data to improve loss ratios while deepening insured engagement. DynaRisk helps brokers grow new business and streamline renewals by providing valuable data and insights on any company globally to help demonstrate the need for cyber insurance.” Source: DynaRisk successfully … Read more
Article also warns that many attacks on schools are not reported. “Adequate third-party risk transfer through cyber insurance is becoming increasingly unattainable for school districts, with annual premiums across K-12 cyber policies reportedly soaring more than 300% (according to Aon PLC) and coverage levels shrinking.” Source: US School Districts’ Cyber Risk Heightened by Limited Resources
Investors continue to back insurtech companies focused on cyber. Forgepoint Capital did this round. “‘Surefire Cyber’s goal is to work with our clients and partners to swiftly manage a cyber incident and then bring forward capabilities to help them become more cyber resilient. Our delivery of end-to-end digital forensics and incident response capabilities is built … Read more