The Source for Cyber Insurance News, Insights and Data
Nearly three-quarters of mid-market business owners say they buy cyber insurance. Almost a quarter report having no AI policies, controls, or oversight. Nationwide’s latest survey puts two measures of preparedness side by side. Insurance ownership reaches 73% among mid-market respondents. The share reporting no AI governance measures reaches 24%, twice the small-business figure. Nationwide publishes … Read more
New Coverage Targets AI Regulatory Compliance and Rising Threat of LLMjacking – QBE North America has announced new (AI)-focused cyber insurance targeting risks associated with artificial intelligence (AI). This specialized insurance addresses AI regulatory compliance and LLMjacking. LLMjacking involves hijacking cloud-based AI models, posing risks as businesses increasingly adopt these technologies. Coverage for AI Regulatory … Read more
Artificial Intelligence Risk We hear about artificial intelligence reshaping cybersecurity. We hear about hackers wielding AI tools. Now, broader AI concerns are entering the spotlight. A recent Hogan Lovells post emphasizes that existing cyber insurance may not be sufficient to cover AI-driven risks. “Existing cyber cover might encompass certain AI-related liabilities, but the cyber market … Read more
It’s not a new thought. But anything this profound needs ongoing coverage and consideration. Artificial intelligence (AI) is reshaping the world, and it is only just the beginning. The AI insurance risks to the industry are no exception. That is raising concerns about risk exposure and policy coverage. A new blog, Woodruff Sawyer, is the … Read more