Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Willis Towers Watson Launches Cyber Aviation Cover with AIG Collaboration
Apr 10 2017 // Willis Towers Watson has introduced CyFly, an insurance solution specifically tailored to cover cyber exposure affecting the airline industry. The recent Willis Towers Watson Industry Risk Index identified failure of...
New York Sees Its Cyber Rules for Insurers as Model for Other States
Apr 10 2017 // A group of U.S. state insurance regulators should use New York’s sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber events, New...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 7 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates. That’s...
UK MGA Plum Launches High Net Worth Home Cyber Cover
Apr 7 2017 // Plum Underwriting, the London-based specialist home insurance managing general agent, announced the launch of cyber and data risks cover embedded within high net worth (HNW) and mid net worth (MNW) home insurance products...
RMS Expands Range of ‘Cyber-Physical’ Models for Property Insurers
Apr 6 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the expansion of its range of cyber models to include a new class of “cyber-physical” models. These include a range of cyber attack...
D&O Liability Insurance Could Feel Effects of New York’s Cyber Regulation
Apr 6 2017 // While the full implications of the New York State Department of Financial Services’ (DFS) cybersecurity regulation, which went into effect March 1, are still being realized by the insurance industry, many are...
International, Large-Scale Cyber Attack Uncovered by Cyber Security Watchdogs
Apr 5 2017 // A large-scale cyber attack from a group targeting organizations in Japan, the United States, Sweden and many other European countries through IT services providers has been uncovered, the Swedish computer security watchdog...
NAS Insurance Expands Cyber Coverage to Personal Lines Market
Apr 5 2017 // NAS Insurance has launched a new cyber insurance product that addresses cyber risks to individuals and families through add-on coverage to homeowners’ insurance policies. NAS’ Personal CyberPlus covers cyber...
New Digital Evidence Emerges of N. Korea Connection to Bangladesh Bank Heist
Apr 4 2017 // Cyber security firm Kaspersky Lab on Monday said it had obtained digital evidence that bolsters suspicions by some researchers that North Korea was involved in last year’s $81 million cyber heist of the Bangladesh...
AIG Latest to Bring Cyber Insurance to Personal Lines High-Net Worth Clients
Apr 3 2017 // American International Group Inc., the biggest seller of cyber insurance to businesses, is bringing cyber insurance and risk mitigation services adapted from its CyberEdge commercial insurance product to its high net worth...
Hylant’s Timmel Joins Safety National to Lead Cyber Insurance Development
Apr 3 2017 // Spencer Timmel, has joined Safety National as national director of Cyber and Technology. In his new capacity with Safety National. Timmel will be responsible for leading Safety National’s effort to become a provider...
CFC Underwriting Upgrades Global Cyber Product
Apr 3 2017 // Specialist lines underwriting agency, CFC Underwriting, has launched a revamped and upgraded cyber insurance product for global markets. The new look product provides includes the provision of first party cover on an...
Brokers Beware: Data Breach Lawsuit Without the Breach
Apr 3 2017 // In December 2016, it came to light that the Chicago-based law firm of Johnson & Bell had been sued in a purported class action lawsuit brought in the U.S. District Court for the Northern District of Illinois. The...
New York’s Cybersecurity Rules: Things Insurance Professionals Should Know
Apr 3 2017 // The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that went into effect March 1. The cyber rules require insurance and...
Broker THB and CNA Hardy Partner to Provide Global Industrial Cyber Solution
Mar 27 2017 // London-based broker THB, CNA Hardy and cyber security specialist Waterfall Security Solutions have entered into a partnership to provide a cyber security protection package for industrial businesses globally. The package,...
Argo Pro Enhances E&O Coverage for Professional Services Firms
Mar 24 2017 // Argo Pro, a member of Argo Group International Holdings, Ltd., has launched a new Argo PROtect line of products and enhanced errors & omissions (E&O) forms for four different classes of professional services. The...
Data Breach May Affect More than 430K in Oklahoma
Mar 23 2017 // Oklahoma Office of Management and Enterprise Services says more than 430,000 people in the state may have had their personal information compromised by a data breach. The agency said that the Oklahoma Employment Security...
XL Catlin Appoints QBE’s Tuplin as Head of Cyber & TMT, International
Mar 23 2017 // XL Catlin’s insurance operations has appointed James Tuplin as head of Cyber and Technology, Media & Telecoms (TMT), International. In this role, Tuplin is responsible for the underwriting of cyber insurance, as...
CFC Underwriting Launches Cyber Incident Response App
Mar 22 2017 // Specialist lines underwriting agency, CFC Underwriting, has launched a cyber incident response application that will allow policyholders to notify a claim with a click of a button and receive specialist support from...
CNA Adds Data Breach, Network Security Endorsement to Lawyers’ PL Policy
Mar 21 2017 // CNA has launched a new lawyers’ data breach and network security endorsement. The new endorsement is available as part of CNA’s Lawyers’ Professional Liability (LPL) policy. The CNA LPL policy provides...
