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Top News about Cyber Insurance
What some call the largest IT outage in history was caused by a faulty software update, not a cyber attack. But the team at Broadstone thinks the CrowdStrike debacle this summer will move the cyber liability insurance market anyway. “The CrowdStrike event, along with other recent cyber incidents like MoveIT, Change Healthcare, CDK Global, and … Read more
Markel Group Inc. has announced the appointment of April Tam as Senior Underwriter for Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia, effective immediately. This strategic move aims to bolster Markel’s leadership in the PFR sector and enhance its financial institutions offerings across the region. In her new role, Tam … Read more
Cowbell announced that it is expanding its cyber insurance coverage to include US companies with annual revenues of up to $1 billion. The expansion will allow middle-market businesses to access Cowbell’s Prime 250 Cyber and Prime Tech Errors & Omissions (E&O) insurance products supported by Chaucer Group. These offerings provide primary and excess limits of … Read more
In the tech world, all the world, to be fair, there’s always a tendency to gravitate toward the “next big thing”—the innovation that promises to revolutionize industries and solve problems. Artificial Intelligence (AI) has captivated tech companies as both a game-changer and a potential risk. The 2024 Tech Risk Index from Embroker paints a picture … Read more
FifthWall Solutions has announced the closing of a $5 million Series-A funding round. The investors were not dislosed by the company, which says the round will support product development and other growth initiatives. FifthWall describes itself as a “leading cyber insurance wholesaler and consulting firm with direct access to 50+ carriers, (that) partners with MSPs … Read more