The Leading Source for Cybersecurity Insurance News, Insights and Data
Premiums are growing less dramatically as the market adjusts to the increase in ransomware attacks and claims. This includes demands by carriers for clients to demonstrate strong security controls and…
Read More “Cyber Insurance Market Stabilizing, Reports Wall Street Journal ” »
“Additional federal coordination is needed to enhance K-12 cybersecurity,” says the report from the United States Government Accountability Office (GAO). But it looks as if many school districts are failing…
Read More “K-12 Schools Having Trouble Getting & Maintaining Cyber Insurance: GAO” »
Interesting note: Prices for non-cyber financial and professional lines decreased during the same quarter. “Cyber insurance pricing increased 48% in the third quarter, compared to 79% in the prior quarter….
“’We’ve been seeing the cost of cyber insurance increase for years now, but this year it went to a whole new level,’ said Michael Zurlo, president of the New York…
Read More “Local Governments Struggle with Hikes in Cyber Insurance Premiums ” »
“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…
Read More “Growth of Cyber Insurance Rates Slows — But Premiums Still Going Up ” »
[paywall] “Around 18 months ago, underwriters asked companies whether they required multifactor authentication when administrators accessed their system, said Tom Reagan, cyber practice leader in Marsh McLennan’s financial and professional…
“But after two years of premium increases, it appears rates are starting to moderate, contributing to the sense of cautious optimism about the future of cyber coverage. Attritional losses seem…
Read More “Cyber Insurance Market Stabilizing As Growth in Premiums Moderates: Marsh ” »
“Surveyed healthcare cybersecurity leaders reported leveraging multifactor authentication (MFA), identity and access management, and privileged access management (PAM) solutions in hopes of lessening the likelihood of a cyber insurance premium…
Read More “Threat of Higher Cyber Insurance Premiums Improving Security: Survey” »
Where do premiums end up? And with what controls and limits? “‘For all the work done by the cyber insurance marketplace to achieve rate, there still needs to be a…
Read More “Correction Coming in Cyber Insurance Premiums: Tokio Marine ” »
“Law firms have this treasure trove of information. Statistically, they’re about six times more likely to pay the first ransom demanded, rather than negotiate it…and I have to tell them,…
Read More “Who’s a “Radioactive” Customer for Cyber Insurers? Law Firms ” »