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Top News about Cyber Insurance
Trusted Internet, LLC, a Managed Security Service Provider (MSSP) and Managed Detection and Response (MDR) services provider, has announced a new cybersecurity warranty and insurance enhancement to its offerings. Starting today, all MSSP and MDR services will include a $500,000 warranty. This move reflects the company’s commitment to providing reliable security and peace of mind … Read more
HITRUST, an enterprise risk management and information security company, has partnered with specialty insurance underwriter Trium Cyber to introduce a new cyber insurance product. This product, exclusively available to HITRUST-certified customers, aims to align information risk assurances with insurance underwriting standards. The new insurance offering, initially available to HITRUST r2 certified entities, addresses the growing … Read more
Coalition, an Active Insurance provider, has expanded into the excess cyber insurance market in Australia. This move allows businesses to enhance their cyber risk management with up to AUD 20 million in additional coverage on top of their primary insurance. Australian brokers can now offer Coalition’s excess policies, which include drop-down cover for specific sub-limited … Read more
“What’s in a name? That which we call a rose by any other name would smell as sweet,” wrote Shakespeare. But cyber insurance experts think there’s nothing sweet about the lack of standard terminology in cyber liability insurance policies. “‘This dearth of common language, (Peter Hedberg of Corvus Insurance) said, can create unintended confusion when … Read more
Willis Towers Watson (WTW) has announced updates to its CyXS global cyber facility to better serve clients as they face escalating cyber threats. As of April 1, 2024, the facility’s maximum capacity has been increased by 50%, from 50 million to 75 million USD/EUR/GBP. Additionally, the number of Lloyd’s insurers participating in the facility has … Read more