The Leading Source for Cybersecurity Insurance News, Insights and Data
“Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently.” Source: For Now, No…
“Are we de-facto targets? By D. Kellus Pruitt DDS Have you purchased cyber insurance yet, Doc? If you are a HIPAA covered entity, you’re going to need it. Press release:…
Must be a lawyer. Duties include: “Advise clients of their claim related obligations under the policies and establish client-specific claims management procedures Provide claims advocacy on behalf of clients by…
Read More “Senior Cyber Claims Advocate — Opening at Willis Towers Watson ” »
“The new central cyber underwriting team will assume global responsibility for Swiss Re’s underwriting and product development activities in the cyber sector.” The company has hired John Coletti to manage…
Read More “Swiss Re Creates Central Cyber Underwriting Team ” »
The answer in most cases appears to be “no.” “A cyber liability policy could respond to an SEC investigation, depending on the policy’s wording, ‘but there’s a big caveat to…
Read More “SEC Cracks Down on Cyber Disclosures: Does Cyber Insurance Cover Costs & Fines? ” »
“The National Institute of Standards and Technology will work with Microsoft, Google and the insurance industry companies Travelers and Coalition to create a new framework designed to help guide the…
Broker urges patience as industry develops sustainable approach to ransomware and other cyber issues…unfortunately, the cyber crooks are anything but patient. “Obviously, you can see just how difficult it is…
Read More “Cyber Losses Trigger “Domino Effect” For Cybersecurity Insurers & Brokers ” »
This reminds us of the push after 9-11 for the US government to share terrorism losses with the insurance industry, which led to the Terrorism Risk Insurance Act, or TRIA….
Read More “Public-Private Cyber Insurance Partnership is Needed: CEO of Zurich Insurance ” »
“The Act establishes investigation procedures, data security program standards, and notification requirements for anyone licensed by Wisconsin’s Office of the Commissioner of Insurance (licensees), including insurers and agents. Exempt from…
Read More “Wisconsin Joins Maine and Iowa as Recent Adoptees of New Cybersecurity Insurance Law ” »
Cyber insurance companies may urge clients to pay ransoms because insurance losses from not paying may be more than the ransom demand. “(E)ven when companies do want to hold out,…
Read More “The Squeeze Between Ransomware and Business Interruption Insurance” »