Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Pen Underwriting Names Scott as Head of Cyber Liability, Driving Cyber Growth
Jul 26 2016 // Pen Underwriting announced that Adrian Scott has been appointed to the newly created role of head of Cyber Liability. Scott takes responsibility for enhancing Pen Underwriting’s capabilities in cyber risk management...
Texas Attorney: Information-Heavy Healthcare a Huge Target for Cyber Crime
Jul 25 2016 // Powered by InsuranceJournal.tv Healthcare organizations contain a wealth of personal information, making them them the number one target for cyber breaches, according to a Houston-based attorney who specializes in...
Lloyd’s Has Potentially Large Exposure to Catastrophic Cyber Attack: Adsensa Review
Jul 25 2016 // A review of almost 400 reinsurance contracts underwritten at Lloyd’s of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber attack should occur. Analysis of 392 property...
Changing Political Risk Landscape: Religious Extremists, Cyberterrorism Cause Concerns
Jul 25 2016 // In a short period of time, the political risk market has experienced a significant shift in exposures, with new potential threats and different territories now threatened by attacks from religious extremists. Christof...
What to Know About Liability and Legal Costs for Apps
Jul 25 2016 // The purchase and use of smartphones, tablets, wearable computers and other mobile computing devices (MCDs) connected to the internet have experienced staggering growth in the past several years. Soon after the Apple App...
Cyber Attacks on Financial Firms Up; Ransomware Attacks Way Up: Beazley
Jul 22 2016 // Financial institutions including small banks and credit unions faced a huge spike in the number of hacking and malware attacks during the first six months of 2016, specialty insurer Beazley found in a new report. The level...
Uptick in Lawyers’ Liability Claims; Business Transactions Top Claim: Study
Jul 22 2016 // Law firms have seen an increase in the frequency of malpractice claims, which are becoming more costly to defend and could cause lasting reputational damage, according to a new study by insurance broker Ames & Gough....
BHSI Launches Cyber Liability Cover in Australia; Osgood Leads Product Line
Jul 21 2016 // Berkshire Hathaway Specialty Insurance Company (BHSI) announced it has introduced cyber liability insurance in Australia and named Emma Osgood as head of Cyber Liability in the region. BHSI is focusing on the...
Risk Managers Fear Cyber and Liability Risks of Autonomous Vehicles: Survey
Jul 20 2016 // Cybersecurity is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted by Munich Re. The world’s second-biggest reinsurer found that 55...
Internet of Things Is Industry Disruptor that Could Benefit Innovators: Efma Report
Jul 20 2016 // The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, connected cars and the...
AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures
Jul 20 2016 // AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary protection for property damage,...
Insurers Expect Lower Returns in Face of Low Interest Rates, Heightened Competition
Jul 14 2016 // Approximately three-fourths of insurers surveyed have lowered their target return-on-equity expectations to 10 percent or lower, a reflection of highly competitive market conditions remaining and the slow-growth economy,...
Cyber Liability Expert Holmes Joins ID Experts in Oregon
Jul 13 2016 // Portland. Ore.-based ID Experts has named Kimberly Holmes senior vice president and counsel in cyber insurance, liability and emerging risks. Holmes will be responsible for overseeing cyber and insurance litigation...
BHSI Launches A&E Professional Liability Policy with Cyber Insurance
Jul 12 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First architects & engineers (A&E) professional liability insurance in the U.S. The new policy’s cyber coverage addresses media,...
Schinnerer Partners With Cloud Provider on Cyber Security Protection
Jul 11 2016 // Victor O. Schinnerer & Company and Spanning, an EMC company and provider of SaaS data protection, have released a new cyber security protection product. The collaboration, with help from Microsoft, is designed to help...
Information-Heavy Healthcare a Huge Target for Cyber Crime
Jul 11 2016 // Healthcare organizations contain a wealth of personal information, making them them the number one target for cyber breaches, according to a Houston-based attorney who specializes in healthcare privacy. Lynn Sessions, a...
Tech Talk: Digital Dinosaurs and Insurance Competency
Jul 11 2016 // I have had agents tell me they have lost clients because of their “digital deficiencies,” which can include outdated websites and email systems and the lack of mobile capabilities. The exact mix of factors...
Top Risks Facing Executives in Natural Resources Industry
Jul 6 2016 // Natural resource industry executives say operating in more technically challenging physical environments is the leading risk to their business, followed by currency and interest rate fluctuations and cybersecurity. The new...
Cooper Gay Appoints Hacker as Group Chief Innovation Officer
Jun 30 2016 // Cooper Gay, the global reinsurance, wholesale and specialty broker, announced the appointment of Peter Hacker as group chief innovation officer. He takes up his role with immediate effect reporting to Steve Hearn, group...
Religious Extremists, ‘Lone Wolf’ Attacks Changing Political Risk Landscape
Jun 30 2016 // In a short period of time, the political risk market has experienced a significant shift in exposures, with new potential threats and different territories now threatened by attacks from religious extremists. Christof...
