The Source for Cyber Insurance News, Insights and Data
Deal Targets Middle-Market Cyber Risk Markel is giving eligible U.S. cyber insurance policyholders access to Upfort Shield to curb common attacks. The package adds AI automation, monitoring, training, and endpoint detection and response. The insurer aims to cut claim frequency as carriers tighten renewal standards. Markel said eligible policyholders can activate the tools alongside their … Read more
New Milan Teams Target Italian Demand Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, launched two new divisions in Italy. The carrier opened an Energy & Construction unit and a Cyber unit. LSM based both teams in Milan. The move targets rising regional demand for specialty coverage and advisory support. LSM also aims … Read more
R.E. Chaix & Associates Insurance Brokers, based in Irvine, has acquired US Pro Insurance Services. This move broadens R.E. Chaix’s reach in specialty lines and gives them access to more carriers. US Pro focuses on placing cyber liability insurance for retail agents and brokers. The merged company will operate as R.E. Chaix & Associates, and … Read more
Ransomware crews can cripple a firm in minutes. They can freeze files, block payments, and stop customer service. Digital Minister Liz Lloyd delivered that warning to insurance brokers at BIBA’s manifesto launch. Lloyd set the tone early, saying, “Cyber security is not optional.” She added, “It is foundational to our national security, our economy, and … Read more
By: Dr. Zia Muhammad Businesses face a continual threat of cyberattacks, as recent cyberattacks on critical US infrastructure in the Pittsburgh area and healthcare systems nationwide have shown. These attacks can be sophisticated, persistent, and represent a significant threat to every company in any industry. For those in critical infrastructure, a breach doesn’t just affect their bottom line; it poses severe safety … Read more