Cowbell Moves Upmarket with Help from Skyward
The move expands Cowbell’s focus from companies with up to $250m revenue to those with proceeds reaching $500m. “’We continuously monitored 95% of U.S. SMEs cyber risks for the last…
Expect More Disclosures from Public Companies Concerning Their Cyber Insurance
“While many companies have already started to incorporate general disclosure of cyber liability insurance in their discussion of cyber risks, we should expect to see this continue, especially as coverage…
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Corvus Touts Unified Risk Prevention Solution, Reports It Reduces Breaches by Up to 20%
“…Corvus Signal™, the risk prevention solution that brings together brokers, policyholders, and Corvus security experts in partnership. Corvus Signal has been shown to reduce cyber breach frequency and cost by…
Top Cyber Insurance Companies in the USA, According to Insurance Business America
The magazine surveyed brokers, who provided the Top 10 list of criteria most important to brokers’ analysis of cyber insurers. The Top 5: coverage, claims payment/processing, underwriting expertise, cyber response…
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“I’ve Never Seen Worse Communication In My Life” Than Lloyd’s Announcement of Nation-State Cyber Exclusions
It’s been a “PR disaster” says the CEO of managing general agent (MGA) CFC, which has a Lloyd’s syndicate. The Lloyd’s announcement caused “panic” by making insurance buyers think that…
Watch Out: The “Hard Cyber Insurance Market” Is Coming Back, Says At-Bay
At-Bay reports the policy pricing cycle turns much faster for cyber coverage than many other kinds of risk. “Based on our data and exemplified in the chart above, there is…
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Cyber Insurance Becoming Buyer-Friendly: Aon. Really & Will It Last?
“David Molony, Head of Aon’s Cyber Solutions for EMEA, acknowledges the significant shift in market dynamics, stating, ‘Where businesses were constrained by availability in 2021 and into 2022, it is…
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Policy Holders Reducing Self Insurance & Buying More Cyber Coverage: Marsh
“Clients generally continued to increase their self-insured retentions (SIRs) early in 2022. As the market improved and pricing stabilized throughout the year, there began to be a decrease in SIRs…
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Oops: Radiologists Sue Broker Over Lapsed Cyber Insurance Policy
The practice says it was hit by a ransomware attack days after its coverage lapsed. “Gallagher had been working with Raleigh Radiology for months before the lapse to renew its…
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The Nightmare of a Ransomware Attack, Community Bank Version
This interesting report provides the “tick tock” of a ransomware attack on a small US bank, including the role of cyber insurance in the recovery. The details reveal the bank…
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