Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Marsh Launches Global Excess Cyber Risk Facility Called ‘Cyber ECHO’
Jan 27 2016 // Marsh has launched “Cyber ECHO”, a global excess cyber risk facility that provides more reliable insurance coverage for organizations around the world. Following a series of high-profile cyber losses,...
The Struggle Getting U.S. Regulators to Understand Insurance
Jan 25 2016 // The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council (FSOC) is a done deal. But exactly what that means in terms of higher regulatory standards is still...
P/C Execs Predict Cyber Growth, Democrat in the White House
Jan 25 2016 // Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they expect the economy to stay...
Lloyd’s Develops Standardized Data Requirements for Cyber Risks
Jan 19 2016 // Lloyd’s of London announced that a set of common core data requirements for cyber risks has been agreed by collaborating with modeling firms AIR Worldwide and RMS, along with RMS’ partner, the Cambridge Centre...
U.S., 17 Automakers Reach Agreement on Cybersecurity, Safety
Jan 18 2016 // The U.S. Transportation Department and 17 automakers have reached agreement on efforts to enhance safety, including sharing information to thwart cyber-attacks on their increasingly wired vehicles. Automakers including...
U.S. Reports on Cyber Attacks on Manufacturing, Other Industries
Jan 15 2016 // U.S. Department of Homeland Security investigations of cyber attacks on the nation’s critical manufacturing sector nearly doubled in the year ended Sept. 30, according to the agency. The Department of Homeland...
The Struggle Getting U.S. Regulators to Understand Insurance
Jan 15 2016 // The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council is a done deal. But exactly what that means in terms of higher regulatory standards is still not...
XL Catlin, RPS/Plus Add Data & Theft Endorsements to Title Agent Policies
Jan 14 2016 // XL Catlin and RPS/Plus Companies have launched two new endorsements – making data breach and added theft protection available – for their professional liability insurance program specifically designed for title and...
Israel Emerges as Leader in Developing Cyber Defenses for Cars
Jan 13 2016 // Building on its expertise in technology, Israel is emerging as a leader in the race to keep cars secure and prevent the nightmare scenario of a hacker commandeering your vehicle. Most cars today are equipped with some...
Hackers Caused Ukraine Outage with Malware & Remote Power Cut: Report
Jan 11 2016 // Hackers likely caused a Dec. 23 electricity outage in Ukraine by remotely switching breakers to cut power, after installing malware to prevent technicians from detecting the attack, according to a report analyzing how the...
Schinnerer Launches New Cyber Protection Package
Jan 6 2016 // Victor O. Schinnerer & Company has launched its Cyber Protection Package. Using Schinnerer’s online broker portal, brokers can quote a cyber policy in minutes by answering a few basic questions about their...
Top 10 Property/Casualty Insurance News Stories of 2015
Dec 30 2015 // The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived...
Largest U.S. Electric Company On Alert for Cyberattacks
Dec 23 2015 // The country’s largest electricity company is on alert for cyberattacks that aim to hamper the critical flow of power and is listening to U.S. intelligence agencies about potential threats, the Duke Energy Corp....
Cyber Insurance: An Evolutionary Coverage
Dec 21 2015 // Cyber insurance may seem all the rage now but professionals with track records in the area say the product has been around since the late 1990s and has been evolving ever since. Now, it’s one of the few commercial...
Top 5 Markets of 2015
Dec 21 2015 // There was no shortage of new products launched by the insurance industry in 2015. Cyber, a risk that has consistently seen a lot of activity over at least the last several years, continued to be on the top of the...
The Top Insurance News Stories of the Year 2015
Dec 21 2015 // The year 2015 was a year during which the property/casualty insurance industry got a glimpse at its future in the form of disruptive forces, new competitors, new leaders and emerging risks. Also, some of the news revived...
Regulators Focused on Product Innovation, Emerging Trends
Dec 21 2015 // State-based insurance regulation has a 145-year history of effectively and successfully protecting consumers and fostering competitive insurance markets. As the 2016 president of the National Association of Insurance...
Uber Winning Support for Classifying Drivers as Contractors
Dec 21 2015 // State legislators in Ohio and Florida are moving ahead with regulations governing Uber and other ride services that would designate all drivers as independent contractors, bolstering a critical but much-disputed aspect of...
Congress Adds Corporate Cyber Data Sharing Immunity to Spending Bill
Dec 17 2015 // Companies that share data with the U.S. government for cyber security purposes will get more protection from consumer lawsuits under a measure piggybacked onto a massive federal spending bill unveiled in Congress on...
OneBeacon Launches Cyber Liability Product for Information Technology Risks
Dec 15 2015 // OneBeacon Technology Insurance, a member of OneBeacon Insurance Group, has introduced a modular technology professional liability product – Information Technology Solutions-Complete – to address technology...
