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“This paper makes the compelling case for cyber ILS, having addressed the common objections. The massive opportunities which arise from the continued demand for cyber (re)insurance will only be further…
Read More “The Bull’s Case for Cyber Reinsurance from Lockton Re” »
The program comes from CloudCover, provider of AI-driven network security detection tech, with Hylant Global Captive Solutions. “Stephen Cardot, CEO of CloudCover, commented: ‘Unlike conventional cyber insurance offerings, the CloudCover…
Of those hit by ransomware attacks: “26% took the hardline approach of not paying any of the ransom demand. Another 11% chose not to pay themselves but allowed an insurance…
Read More “In 74% of Ransomware Attacks, the Crooks Got At Least Some $: Arctic Wolf Survey” »
CFC offers cyber-insurance policy encryption to prevent crooks from learning how much your carrier would pay in an attack. “James Burns, Head of Cyber at CFC, said, ‘Our goal is…
The Company is now offering its active cyber insurance to companies with up to $5 billion revenue. “The company’s increased capacity above its existing limit of $1 billion comes from…
[Paywall may apply] “The costly NotPetya cyberattack, which the U.S. blamed on Russia, should be considered a ‘cyber nuclear attack,’ insurers argued as they urged judges to overturn a legal…
Read More “Insurers Claim NotPetya Was “Cyber Nuclear Attack” ” »
It seems fair to say that definitive numbers remain as elusive as a North Korean hacker. The Wall Street Journal‘s Pro Research did a survey late last year indicating 6%…
Read More “How Many Clients Make Claims on their Cyber Insurance Policies? ” »
With this round, the insurtech has raised US$24.5 million. Zurich Insurance participated in both rounds. BOXX says it’s grown 10X in the last 24 months and now serves over 250,000…
…unless the hospital has no cyber insurance, in which case the board and CEO are the ones with insomnia. Tallahassee Memorial HealthCare, a 772-bed hospital with specialty care centers, has…
Read More “Whoever Underwrote this Hospital System May Not Be Sleeping Well” »
The carrier, backed by Coalition’s active insurance platform, rolls out across the nation during 2023. It received an A- rating from AM Best at the end of January. Source: Coalition…