The Source for Cyber Insurance News, Insights and Data
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
Imagine a fleet operator arriving Monday morning to find dispatch screens frozen, drivers locked out of their vehicle apps, backend systems encrypted, and attackers demanding payment to restore access. HSB has launched a cyber insurance product for internet-connected work vehicles, called HSB Commercial Cyber for Auto. This coverage is designed for hacked commercial vehicles and … Read more
A new market update from broker Lockton lands with a split-screen message for buyers and underwriters. The cyber insurance market kept softening, even as the threat environment hardened. Insurers chased growth and fought for renewals. Brokers regained leverage on terms. Claims teams, meanwhile, faced heavier files and longer cleanups. Key Cyber Insurance Market Takeaways Incidents … Read more
Parametrix has hired three new specialists: Eva Kwan, Albert Huang, and Kerri Colwell, as demand for cyber and digital infrastructure insurance continues to rise. Brokers are dealing with ongoing cyber losses, unexpected technology downtime, and SLA pressures that can quickly impact budgets. Parametrix aims to address these challenges with parametric coverage. Their products link payouts … Read more
Axio and Dragos have teamed up to improve security and insurance for operational technology. Their goal is to put a dollar value on operational technology (OT) cyber risk and help insurers underwrite cyber-physical losses more accurately. “It’s an honor to partner with the world’s leading industrial security company, especially at this moment in time. We’re … Read more