Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
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...
Uber Winning Support in States for Classifying Drivers as Contractors
Dec 11 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...
Beazley Launches Breach Response Services for Non-U.S. Policyholders
Dec 9 2015 // Beazley has introduced a suite of breach preparedness services tailored to the needs of policyholders outside the U.S. The insurer has partnered with privacy specialist lawyers DAC Beachcroft; IT security specialists CGI...
Cyber Insurance Underwriting Moves from ‘Toddler’ to ‘Teen’ As Insurers Learn from Claims
Dec 8 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
New Credit Card Chips Shift Liability to Retailers
Dec 7 2015 // On Oct. 1, 2015, many of the insurance industry’s clients took on a lot more risk, and may not even know it. The Payment Card Industry, PCI, which is the self-regulating organization that oversees everyone that...
Growth in Cyber Insurance Sustainable if Underwriting, Pricing Are Right
Dec 7 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
Cyber Security: Insurance as an Essential Part of Risk Management
Dec 7 2015 // The cost and frequency of cyber-related security threats are on the rise. Some estimates claim that one-in-six businesses have experienced a cyber attack in the past year while the cost of cyber attacks on global...
Cyber, Property Risks Not Easily Separated: Security Expert
Dec 7 2015 // The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, according to a network security expert. “I don’t think we can easily...
Top Cyber Threats for 2016 and Next Five Years
Dec 7 2015 // Businesses and organizations should expect cyber criminals to attack through wearable devices, employees’ home systems, cloud services and automobiles within the next year, according cyber experts at Intel’s...
New York Says Robust Cybersecurity Regs Needed for Insurers
Dec 7 2015 // New York regulators are considering a host of cybersecurity requirements for banks and insurers and urged other state and federal authorities to collaborate on establishing a framework of defenses for the financial...
Main Street America Launches Commercial Lines Cyber Risk Coverage
Dec 4 2015 // The Main Street America Group has launched a cyber risk protection offering designed for “Main Street” businesses in 19 states across the country. The coverage, available through Main Street America’s...
Target Settles 2013 Data Breach Claims with Banks
Dec 3 2015 // Target Corp. will pay about $39 million to banks and credit unions to resolve losses from a 2013 holiday- season data breach, as retailers and financial institutions continue to grapple with the costs of major hacker...
Cyber Insurance Rates Up, Unlike Other Commercial Rates
Dec 3 2015 // Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the latest analysis from...
