Personal Cyber Insurance

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

Mutual Insurer for Cyber Set to Launch Jan. 1st with Participants such as BASF & Solvay 

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MIRIS, a “mutual insurer, a structure in which the company is owned by its customer members, is looking to meet increasing demand for cyber cover due to rising attacks…The new insurer is also talking to some 40 others about joining…” MIRIS is owned by its customer members (all European). MIRIS FAQs are here. Source: BASF, … Read more

Interesting Chubb Survey on Personal Cyber Insurance — But Could this Many People Really Have Such Policies? 

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“…39% of the survey respondents currently have a personal cyber insurance policy, and that percentage increases greatly with household income. In fact, 83% of high net worth report having a cyber policy. However, there is still work to be done. With 39% saying they are unfamiliar with personal cyber insurance, including 19% saying they are … Read more

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