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“Because the market is changing so rapidly, what underwriters require today might look completely different compared to what we may require in 30-days’ time. As such, it’s important for brokers…
“The company explained it will no longer cover losses resulting from ‘cyber-war,’ which it defined as a cyber-operation carried out as part of a war, any retaliatory attacks between specified…
Read More “Lloyd’s Won’t Cover Losses from State-Sponsored Cyber Attacks ” »
“At a time when the need for cyber insurance has never been more clear, brokerages have spent much of 2021 decreasing coverage and increasing rates. But on Friday, tucked into…
Read More “Cyber Insurance Market Looks for New Approach, With Lloyds Downshifting on Coverage ” »
“Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, known as CISA, told the House Homeland Security Committee Wednesday that ‘ransomware has become a scourge on nearly every facet…
Read More “Ransomware Threatens the “American Way of Life:” Biden Admin Official ” »
What we have here is a failure to communicate… “The challenge here is two-fold. Insurers make underwriting decisions based on technologies they don’t fully understand, while applicants don’t fully understand…
Read More “Top Reasons Cyber Insurers Decline Coverage: Insurun” »
“Amazon’s foray into UK business insurance with Superscript follows US insurtech firm Next Insurance’s announcement back in March that it would be offering insurance to US small businesses via Amazon…
Read More “Amazon to Offer Cyber Insurance to UK SMBs, Following Move into US Market ” »
“‘Progressive versions of workers’ comp have led to improved employee health and safety measures and proactive prevention efforts to reduce the risk of workplace injuries,’ Kundi said. ‘Similarly, as we…
Read More “CEO Predicts Cyber Insurance Will Become Mandatory, Like Worker’s Comp” »
“The Biden administration hopes that their new informal group, which they’re calling the Counter-Ransomware Initiative, will bolster their diplomatic push that has included direct talks with Russia as well as…
Read More “Biden Admin Plans 30-Country Meeting as Part of “Counter-Ransomware Initiative” ” »
“‘We went through cyber insurance and also crime insurance and between the two out of the $312,000 fraudulent … we’re recuperating $307,000, so though there will be a $5,000 loss…
Read More “School District Gets Cyber + Crime Insurance Payment After Cyber Scam ” »
“The first is company mapping, which is equivalent to a company’s ancestral tree. Understanding parent entities and subsidiaries and how they work together inform cyber integrity. The second type is…
Read More “Risk Quantification in a “Hardening Cyber Insurance Market” ” »