The Source for Cyber Insurance News, Insights and Data
For many companies, the exposure to cyber risk is no longer a question of if, but when. Yet at the very moment cyber threats are accelerating, traditional insurance is becoming less reliable as a backstop. A recent federal court decision may help change that equation. In Drake Plastics Ltd. Co. & SRA 831(b) Admin v. … Read more
You buy insurance for the ugly days. Then the ugly day arrives. Your claim meets an exclusion. Your “business interruption” clock runs out. Or a missed control turns into a denial. That gap is widening in cyber insurance as questionnaires grow longer and policies tighten. In the latest Cyber Insurance News & Information podcast, Executive … Read more
First-Ever In a first-ever, premiums for cybersecurity insurance coverage in the U.S. fell 2.3% in 2024, according to AM Best’s latest report. This marks the first recorded decline since 2015, with total direct premiums written now below $7.1 billion. The loss ratio remained below 50%, suggesting that cyber insurance continues to yield profits. The AM … Read more