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“As of August 2022, Cowbell has developed the largest cyber insurance distribution network in the U.S. with more than 17,000 producers. Cowbell continues to grow its business with a 260%…
Read More “ Cowbell Adds CSO and Director from Anthemis to Support Sizzling Growth” »
“(T)he rise of smart, connective technology in vehicles has also exposed new weaknesses that hackers can exploit. A report by Upstream Security revealed that automotive cyber security incidents spiked 225%…
Read More “This Brings a New Element to Car Insurance — Cyber Attacks on “Connected Cars” Surge ” »
“Law firms have this treasure trove of information. Statistically, they’re about six times more likely to pay the first ransom demanded, rather than negotiate it…and I have to tell them,…
Read More “Who’s a “Radioactive” Customer for Cyber Insurers? Law Firms ” »
“…17.3%** of SMEs did not have cyber insurance in 2021 due to it being too expensive, while 29% cancelled their policy to cut costs. Smaller businesses were found to be…
Read More “Small Businesses Cancelling Cyber Insurance Just When They Need It Most: GlobalData” »
Market is up 74% YoY according to the report. “The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S.” Source: Rapid Cyber Premium…
“’Some insurance carriers have actually pulled out of the whole business of cyber insurance for municipalities. They find the risk is just too much for them…(a) policy that would provide…
“Coalition continues to expand its capacity relationships and cyber insurance business in a market that is highly dynamic. Coalition year-over-year revenue grew by more than 400% in 2021 as the…
Read More “Fast-Growing Cyber-Insurer Coalition Turns to Ascot for Additional Coverage Capacity ” »
“(I)ncreases in deductibles, retention, sublimits, and co-insurance on ransomware payments, are making cyber coverage look more like health insurance.” Useful report from @natlawreview with collection of key cyber insurance metrics…
Read More “Is Cyber Insurance Starting to Resemble Another Major Insurance Category? ” »
“Nearly 60% of cannabis businesses say they haven’t taken the necessary steps to prevent cyberattack, but the winds are changing…” Source: 2022 Cannabis Industry Outlook: Your Business’ Future Depends on…
Read More “Follow the Smoke Signals to a Growing Cyber Insurance Market…” »
“(A)” sizable portion of small business owners think they are less at risk for such (cyber) attacks. According to a forthcoming study conducted by Embroker, 63 percent of small business…