Cyber Insurance Carriers & Brokers

“Downtime”& Digital Business Interruption Insurance Offered by Parametrix

by

The company now offers “tailored parametric insurance solutions” to protect companies when their IT systems go down, creating business or digital system interruptions. The business interruption insurance follows the July CrowdStrike outages, which created billions in estimated losses from downtime and other consequences of the software snafu. “Enterprise solutions are customized to address the unique … Read more

“The Check’s In the Mail:” Behind the Sinclair Lawsuit Against CCC/CNA and Starr Indemnity

by

Check out our detailed report on the cyber insurance lawsuit Fortune 500 company Sinclair Inc. has filed against CCC/CNA and Starr Indemnity, claiming the cyber insurers each owe the broadcaster $10 million for losses from a 2021 ransomware attack. Both insurers deny the allegations, now before a Maryland federal court. But Sinclair’s claims in the … Read more

Want Your Cyber Insurance Claim Paid? Sue Us, CNA and Starr Tell Sinclair Inc.

by

The local news is not good for broadcaster Sinclair Inc. (Nasdaq: SBGI), a Fortune 500 company known for the 185 television stations it owns or operates across the US. The company is suing two of its cyber insurance providers, claiming the Continental Casualty Company (or “CCC,” the principal subsidiary of CNA) and Starr Indemnity & … Read more

Cyber Insurance Captives and ILS (Insurance-Linked Securities) Cyber Vehicles Multiply in Bermuda: BMA

by

We’ve discussed other findings from the recent Bermuda Monetary Authority (BMA) report, but we’re also struck by the increase in cyber insurance captives and cyber ILS vehicles documented by the financial regulator. The growth of Cyber Insurance Captives and Cyber ILS (Insurance-Linked Securities) is all related to the growth of reinsurance in the cyber market; … Read more

HSB Expands Personal Cyber Insurance Coverage (Even Your Car & Emotional Well-Being, Not to Mention those Star Wars NFTs, are Covered)

by

HSB (Hartford Steam Boiler), part of Munich Re, has expanded its personal and family cyber insurance to help customers deal with new digital risks. This includes protection against things like internet fraud, connected vehicle hacks, and the emotional stress caused by cybercrime. Along with insurance coverage, HSB also provides tools for preventing cyberattacks and offers … Read more

×