The Source for Cyber Insurance News, Insights and Data
Presentation for RSA includes market intel and useful tips for navigating the cyber insurance market, from methods for estimating required coverage to “gotchas” lurking in policy fine print. Examples from the report: The top reasons insurers don’t pay 1. “It’s related to the same breach as last year” 2. “We only pay up to _____” … Read more
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
“New research by Marsh and Microsoft identifies 8 key trends that leaders from all departments should align on and prioritize for 2022 and beyond.” Source: The State of Cyber Resilience
“Munich Re has been involved in managing cyber risk from the first moment it became a consideration. The results of our Global Cyber Risk and Insurance Survey 2022 underline that there is clearly more action required – for policyholders and the insurance industry.” One interesting tidbit is increasing use of personal cyber insurance by senior … Read more
“(Adam Lantrip of brokerage CAC Specialty) now budgets four to six months for its clients to clear all the hurdles needed to renew their plans. ‘It’s getting almost to a point where the deals never get put to bed,’ Mr. Lantrip said.” [paywall]