The Source for Cyber Insurance News, Insights and Data
To bolster cybersecurity defenses specifically tailored for small healthcare organizations, the Department of Health and Human Services (HHS) has issued a one-page handout delineating the significance of cyber insurance and several implementation tips. Let’s take a look at it. Cyber insurance is a critical safeguard against the increasing onslaught of cyber threats. This protection offers … Read more
Guy Carpenter, the global risk and reinsurance specialist under the Marsh McLennan umbrella, has taken steps to address the volatility of cyber risks with the launch of its groundbreaking product, CatStop+. This cyber reinsurance offering combines low-attaching cyber event coverage with the proven mechanics and attritional protection of aggregate stop loss. The innovative structure of … Read more
As usual, a few items from the week. Some we reported on, and others we found interesting. Plenty of cyber insurance news for small and medium enterprises and something for the individual; AXA XL and CFC add to their ranks, and Clorox and Johnson Controls detail the costs of cyberattacks. There’s more than that, so … Read more
The useful new 2024 US Cyber Outlook Report from Risk Placement Services (RPS) notes that carriers reduced premiums, increased limits and softened requirements for some cyber controls when ransomware losses declined last year. But this “buyer’s market” is unlikely to continue, predicts Steve Robinson, national cyber practice leader at RPS and his team. “The cycle between hard … Read more
In a strategic move to bolster its cybersecurity leadership, CFC, a pioneering insurance provider in emerging risks and a cyber market leader, has announced the appointment of Jason Hart as the Head of Proactive Cyber. Hart, is a cybersecurity thought leader and member of the Forbes Technology Council. He boasts an impressive track record with … Read more