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Cyber insurance premiums will grow “15% to 20% per year to a total of about $23 billion by the end of 2026, up from about $14 billion at the end…
Read More “Cyber Re/Insurance Market To Grow Rapidly with Sustained Margins: S&P Global Ratings” »
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…
Read More ““Downtime”& Digital Business Interruption Insurance Offered by Parametrix” »
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…
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…
Read More “Want Your Cyber Insurance Claim Paid? Sue Us, CNA and Starr Tell Sinclair Inc.” »
Thought the risk of being sued for a cyber breach was already high? It’s getting worse, Carolyn Purwin Ryan, a partner in Mullen Coughlin LLC’s data privacy and cybersecurity practice,…
Read More “Cyber Insurance & Lawsuits: It’s a “Race” to the Courthouse for Cyber Litigation” »
We recently told you how one cyber insurance expert predicts the massive CrowdStrike-caused IT outage may change the cyber insurance industry, including by boosting demand for coverage of non-malicious losses,…
Read More “Are Non-Criminal Claims a Growing Risk for Cyber Insurance Providers?” »
What some call the largest IT outage in history was caused by a faulty software update, not a cyber attack. But the team at Broadstone thinks the CrowdStrike debacle this…
Read More “CrowdStrike Snafu Will Shake Up Cyber Insurance Market: Broadstone” »
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…
We’re fans of research from RPS/Risk Placement Services, the brokerage and MGA. Early this year, the firm predicted a correction in cyber pricing driven by factors such as increased fraud…
Read More “Mea Culpa from RPS: Cyber Insurance Prices Not Going Up as Expected” »
The energy, oil/gas and utilities sector has the highest level of cyber insurance coverage, with 97% of surveyed organizations reporting policies (most of them standalone.) The lowest adoption of cyber…