University of California System Sues Lloyd’s Over 2014 Hack 

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Lloyd’s denies it has to pay under the terms of the insurance policy, but the university system claims the damages are covered under California rules of policy interpretation. A 2019 legal settlement puts the university on the hook for $7 million and the system’s internal costs are likely substantial. Disputes such as this are no … Read more

5 Best Cyber Insurance Companies: Money Magazine

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The list: Hiscox: Best for Startup Businesses Zurich North America: Best for Midsize Businesses Chubb: Best for Enterprises Travelers: Best Cyber Liability Coverage The Hartford: Best for High Policy Limits Worth noting are the customer ranking scores each company has on Trustpilot. While Hiscox has earned 3.7 out of 5 stars, the other carriers show … Read more

Use Our Security Technology and Reduce Your Self-insured Claim Retention by 25%: Corvus 

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“’Corvus is the trusted, long-term cyber risk partner for our policyholders. We are constantly monitoring emerging threats and using the signals and data we have to recommend actionable measures to prevent cyber attacks,’ said Lauren Winchester, Global Head of Risk Advisory at Corvus Insurance. ‘This endorsement incentivizes meaningful engagement with Corvus, which in return allows … Read more

Cyber Insurance Premiums Last Year  Approached $14 Billion in Increasingly Fragmented Market: Insuramore

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The report estimates 2022 GDPW (gross direct premiums written) for cyber insurance was almost $13.5 billion and closer to $14 billion when captive insurers are included. According to the report from the UK’s Insuramore Insurance Insight, the top cyber insurers by GDPW are Munich Re; Chubb; Beazley; Fairfax Financial Holdings and AXA. “Looking ahead, the … Read more

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