Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Beazley Names Sanchez as International Breach Response Services Manager
Sep 22 2016 // Beazley, the London-based provider of data breach response insurance, has appointed Rafael Sanchez as Beazley Breach Response Services (BBR Services) manager, International, to manage the breach response services provided...
CoverHound Small Business Commercial Suite Goes Live
Sep 21 2016 // Online personal insurance seller CoverHound is adding business insurance offerings— including workers’ compensation and commercial auto— to its online platform at CoverHound.com. The site is starting by focusing...
Hiscox Launches Combined Cyber Risk, Professional Liability Coverage for Hospitals
Sep 19 2016 // Hiscox has combined the services of its healthcare and cyber underwriters to launch Healthcare Threat Protect to coordinate with a hospital’s professional and general liability as well as their growing cyber...
How Competition Brings Out E&S Market’s Creativity
Sep 19 2016 // Emerging risks or traditional lines, innovation makes the difference The surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released...
More Businesses Fear Losing Data than Getting Hacked, Survey Shows
Sep 19 2016 // Losing data strikes more fear in businesses than getting hacked. A survey released earlier this month by San Francisco, Calif.-based Wells Fargo Insurance shows 47 percent of mid-sized companies were concerned with losing...
Chubb Expands Cyber Risk Engineering Offerings Into the U.K., Ireland
Sep 16 2016 // Chubb has expanded its cyber risk engineering capabilities in the U.K. and Ireland, as it continues to invest in building its cyber enterprise risk management proposition in the region. Chubb’s U.K. and Ireland...
New York Proposes ‘Flexible’ Cybersecurity Regulation for Insurers, Banks
Sep 15 2016 // The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing...
Lawmakers Call for U.S. Effort to Thwart Vehicle Hacking
Sep 13 2016 // Four Republican members of Congress on Monday urged U.S. auto safety regulators to convene an industry-wide effort to prevent possible attacks on computer systems in vehicles. The lawmakers addressed their concerns in a...
Casualty Losses and Cyber, Crop, Property Demand Driving Reinsurance Growth: Aon
Sep 12 2016 // Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected...
Lawyers Say St. Jude’s Lawsuit Against Short-Seller Faces Steep Climb
Sep 8 2016 // St. Jude Medical will face an uphill battle in its corporate defamation lawsuit over a short-seller’s report that said the medical device company’s heart implants were vulnerable to cyber attacks, lawyers...
Hacker Used Employee Credentials to Breach University of Alaska Data
Sep 8 2016 // University of Alaska officials say someone used an employee’s credentials to hack into a network drive that contained private information like Social Security numbers of more than 5,400 students at the Mat-Su...
St. Jude Files Suit in Minnesota over Heart Device Allegations
Sep 7 2016 // St. Jude Medical Inc. said it had filed a lawsuit against short-selling firm Muddy Waters and cyber security company MedSec Holdings Ltd. alleging they intentionally disseminated false and misleading information in order...
More Businesses Fear Losing Data than Getting Hacked, Survey Shows
Sep 7 2016 // Powered by InsuranceJournal.tv Losing data strikes more fear in businesses than getting hacked. A survey released today by San Francisco, Calif.-based Wells Fargo Insurance shows 47 percent of mid-sized companies were...
AIG, Chubb, XL Group Lead in U.S. Cyber Coverage Market Share: Fitch Ratings
Sep 6 2016 // The U.S. property/casualty insurance industry generated $1 billion in direct written premium volume for cyber insurance in 2015. American International Group (AIG), Chubb and XL Group led the market, according to Fitch...
Cyber Insurance in the Wake of PF Chang’s vs Chubb
Sep 6 2016 // Rebuilding Cyber Insurance in the Wake of P.F. Chang’s vs Chubb Ltd. If the cyber insurance landscape seems like a confusing mess, you are not alone. In fact, the recent case of P.F. Changs v. Federal Insurance Co....
Expert Gives Agents C- on Understanding of Cyber Insurance
Sep 6 2016 // Eduard Goodman, chief privacy officer of Scottsdale, Ariz.-based IDT911, an identity theft protection firm, isn’t too high on the industry’s knowledge of cyber insurance, cybercrime and data theft. Goodman...
Swiss Re Corporate Solutions Launches ‘CyberSolutions Germany’
Sep 1 2016 // Swiss Re Corporate Solutions has expanded its cyber offering with the launch of CyberSolutions Germany, a new, market-specific primary insurance product. This advanced cyber risk protection solution provides tailored...
4 Cyber Risk Misconceptions Popular with Midsized Firms
Aug 30 2016 // Despite frequent reports of hacking, cybercrime, security breaches and related events in all parts of the U.S., many middle market companies continue to underestimate their exposure to these attacks along with their need...
AIG, Chubb, XL Lead in $1 Billion U.S. Cyber Insurance Market: Fitch
Aug 29 2016 // About 120 U.S. insurance groups wrote an estimated $1 billion in cyber insurance direct written premiums in 2015, according to Fitch. Fitch aggregated the cybersecurity statutory supplement data for the U.S....
Hylant Names Timmel as VP for Cyber, Technology Risk Practice
Aug 25 2016 // Ohio-based insurance brokerage firm, Hylant, named Spencer Timmel to the newly created position of vice president, Cyber & Technology Risk Practice leader. Spencer speaks regularly on network security and privacy...
