Personal Cyber Insurance

Another Personal Cyber Insurance Product, this from NFP 

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“’When people hear about cyber insurance, they often think of business coverage because personal coverage has not traditionally been available to the general public,’ said Mila Araujo, NFP assistant vice president of personal cyber, North America. ‘So we developed a custom, standalone product, specifically for individuals, to respond to our clients’ needs.’” Coverage starts at … Read more

From Credit Card Losses to Psychiatric Fees, BOXX Offers Coverage for Personal & Family Expenses from Cyber Attacks

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“‘Our research highlights that consumers are increasingly aware of the dangers of being online and are looking for a simple and easy all-in-one solution to keep them digitally safe,’ said Hilario Itriago, US President, BOXX Insurance. He continues ‘With broad coverages like computer attacks, cyber ransom, online fraud and cyber bullying, individuals and families can … Read more

Got Cyber Insurance for Yourself? 

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[paywall may apply] AIG, Berkley One, Chubb, Cincinnati Insurance Cos., PURE Insurance and State Farm offer personal cyber insurance add-ons to homeowners/renters insurance. Stand-alone policies are also available from various carriers. “Costs can vary widely depending on the carrier, policy limits selected and what cyber events are covered by the policy. In many cases, as … Read more

Insurance for When Real-Life Thieves Attack Your Virtual Game

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“From mastering complex quests in mythical lands to outmaneuvering opponents in virtual battlefields, gaming has captured the hearts of millions worldwide. But what happens when a gamer’s account is compromised by a cyberattack and valuable digital assets are stolen? ‍Waffle, an all-in-one consumer InsurTech solution, and BlinkSM by Chubb®, a growing suite of Chubb-backed digital … Read more

Think Cyber Insurance is Confusing Now? Try Explaining to Consumers the Difference between ID Theft and Personal Cybersecurity Coverage

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Patricia Riederer, property product analyst with American Family Insurance, does a fine job of explaining it.  “’Personal cyber insurance typically covers costs to hire a professional to reinstall your computer’s operating system and restore backed-up data,’ she tells PropertyCasualty360.com. ‘ID theft insurance provides coverage when someone wrongfully obtains and uses your personal information to commit … Read more

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