The Source for Cyber Insurance News, Insights and Data
Forget natural disasters, says the CEO. Cyber is the biggest threat, and public-private systems will be needed (note recent US movement in that direction.) “’What will become uninsurable (versus climate change or pandemics) is going to be cyber,” (Mario) Greco said. ‘What if someone takes control of vital parts of our infrastructure, the consequences of … Read more
American Property Casualty Insurance Association’s response to the federal government’s request for comment on cyber insurance issues: “We believe it is premature to explore the details of a federal insurance response without conducting a thorough study of the threshold questions raised above to determine where, if at all, such a response is needed. Nevertheless, experience … Read more
An appeals court found T-Mobile can cover its Zurich deductible with funds it recovered from a vendor involved in the breach. “The court rejected Zurich’s argument that a policyholder can’t use a third-party payment as a deductible and found that the insurer must cover T-Mobile’s losses stemming from the breach. The decision will add firepower … Read more
You’ve got until Jan. 17th to weigh in. See instructions in the embedded document at the link below. Requested feedback includes: “Address incentivizing cybersecurity adoption and compliance. TSA wrote that it ‘is particularly interested in comments on types of incentives, such as liability protection, insurance, commercial contracts, or other private- or public-sector options, that would … Read more
“Founded in 2002, Positive (Positive Physicians Insurance Company) provides medical malpractice insurance coverage for physicians, medical staff, and medical groups. ‘Cyber Insurance is often an afterthought in the MPL space, with coverage only triggering when an adverse event occurs. But as digital risk increases and evolves, so must the coverage available for healthcare providers. Coalition … Read more