The Source for Cyber Insurance News, Insights and Data
Top News about Cyber Insurance
The telephone giant seems more chill than many of its customers, now learning that records of essentially all their calls and texts (but not the content of those communications) between May and the end of Oct. 2022, along with Jan. 2nd, 2023, are in the hands of hackers. AT&T says it “does not believe” the … Read more
“Artificial intelligence systems” (“AIS”) and “external consumer data and information sources” (“ECDIS”) can help insurers and companies, New York State regulators concede, but the technologies better not hurt “protected classes” or “perpetuate or amplify systemic biases that have resulted in unlawful or unfair discrimination,” warns the state in new regulatory guidance. Given the complexity of … Read more
Embroker has announced a strategic partnership with Millennial Shift Technologies (MShift), a policy distribution platform for insurance brokers. This partnership introduces an automated Excess Technology Errors and Omissions (Tech E&O) / Cyber solution via Embroker Access. Excess Technology Errors and Omissions (Tech E&O) insurance provides additional coverage beyond the limits of a primary Tech E&O … Read more
The energy, oil/gas and utilities sector has the highest level of cyber insurance coverage, with 97% of surveyed organizations reporting policies (most of them standalone.) The lowest adoption of cyber security coverage is found in the “Central/federal government” and IT, tech and telecom sectors. To be sure, even with the lowest penetration, these two sectors … Read more
Resilience has announced a significant enhancement to its cyber insurance offerings, doubling its coverage limits for US clients to $20 million per client in response to escalating cybercrime threats. This increase aims to bolster defenses against the rising tide of cyber attacks. The new limits are part of a syndicate agreement with Lloyd’s Insurance Facility, … Read more