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Lockton Re: Hypothetical Cyber Event Offers Carriers an Opportunity to Review Risks
Apr 26 2024 // A simulated cyber catastrophe highlights the benefits and problems cyber insurance carriers will encounter as a result, according to a report released by Lockton Re. The report, “A Kaleidoscope of Possibilities:...
Connecticut M&A Advisor Agrees to Pay $1.5M to Settle Data Breach Class Action
Apr 26 2024 // Merritt Healthcare Advisors, a Connecticut mergers and acquisitions (M&A) advisory firm for healthcare practices, has agreed to a $1.525 million settlement of a class action stemming from a 2022 data breach. The money...
People Moves: Zurich NA Names Higginbotham Head of Pro Liability & Cyber; FM Global CEO Appointed Board Chair; WTW Names Lombardo Named Chair of REHL Division
Apr 25 2024 // Zurich NA Names Higginbotham Head of Professional Liability & Cyber Kara Higginbotham Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and cyber...
Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium
Apr 25 2024 // Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium. The CyberShock consortium is designed...
UnitedHealth Says Hackers Possibly Stole Large Number of Americans’ Data
Apr 24 2024 // UnitedHealth Group said on Monday that hackers stole health and personal data of potentially a “substantial proportion” of Americans from its systems in February, as the largest U.S. health insurer scrambles to...
Tiny Texas City Repels Russia-Tied Hackers Eyeing Water System
Apr 22 2024 // When Mike Cypert got the call that utilities in remote Texas communities were being hacked, he raced across his office to unplug the computer that ran his city’s water system. Hale Center is a dusty, cotton-growing...
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