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Top News about Cyber Insurance
The recent CrowdStrike outage has left many wondering about the full extent of its impact on the cyber liability insurance market. Consider this: “This is exactly what cyber insurance is meant to cover. …This is not something that is outside of our control,” said Meredith Schnur, U.S. and Canada cyber practice leader at broker Marsh. … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: CrowdStrike – we gathered a collection of insurance-focused stories for you to consider; Cysurance and Sophos in Australia; America’s largest trial court falls victim to ransomware; CRC Group with something new. There’s more. Take a look. Share it. … Read more
A botched update from cybersecurity giant CrowdStrike triggered chaos across global IT systems on Friday, causing major disruptions for industries, including banks and airlines. “We have been made aware of an issue impacting Virtual Machines running Windows Client and Windows Server, running the CrowdStrike Falcon agent, which may encounter a bug check (BSOD) and get … Read more
CRC Group, a major wholesale specialty insurance distributor in North America, has launched Cyber.IE, a new exclusive excess cyber insurance product. The company statement said this product offers the largest wholesale exclusive cyber capacity available in the domestic market, providing substantial protection and flexibility for businesses needing excess cyber solutions. The limit for this new … Read more
QBE Insurance, which operates in 27 countries, launched QCyberProtect, a cyber liability insurance policy designed to enhance clients’ cyber resilience globally. QCyberProtect offers tailored coverage for various cyber risks, including network security breaches, privacy liabilities, business interruptions (both IT and non-IT related), and reputational damage. Andrew Horton, Group CEO of QBE Insurance, stated, “Strategic investments … Read more