Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Cyber Coverage Demand Increased Significantly in 2013, Trend to Continue in 2014: Marsh
Apr 21 2014 // Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research...
Energy Firms Unprotected for Major Cyber Events: Willis
Apr 15 2014 // Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said, likening the threat to a “time bomb” that could cost the industry billions of dollars. Willis highlighted the...
Court Says FTC Can Sue Hotel Chain Over Data Breaches
Apr 8 2014 // A U.S. court ruled on Monday that the Federal Trade Commission can proceed with a lawsuit against hotel group Wyndham Worldwide Corp. for allegedly failing to safeguard consumers’ personal information. Wyndham had...
ACE Creates Global Cyber Risk Unit Headed by Merrill
Apr 7 2014 // ACE Group has created a Global Cyber Risk Practice to address growing risks as legislation and exposures for privacy and network security evolve around the world and customer demands for cyber risk insurance and risk...
Credit Bureau Experian Facing Litigation, State Probes Over Data Breach
Apr 7 2014 // Experian Plc is enmeshed in litigation over its 2012 purchase of the assets of data firm Court Ventures, which is at the center of a breach that exposed some 200 million American Social Security numbers to...
Agents Can Help Small Businesses Stay on Top of New Risks
Apr 7 2014 // Small businesses face a myriad of challenges throughout the business life cycle as they embark on new ventures and grow their operations. And insurance agents can serve as their guide and help them understand risks and...
Healthcare Reform Brings Expansion to Drug & Alcohol Treatment Industry
Apr 7 2014 // January 1 marked the beginning of an expansion of healthcare coverage for drug and alcohol addiction treatment under the Affordable Care Act (ACA). This expansion is leading to a growth in the rehabilitation facilities...
All Target Data Breach Cases to Be Heard in Minnesota
Apr 4 2014 // The U.S. Judicial Panel on Multidistrict Litigation ordered that the many lawsuits that accuse Target Corp. of failing to protect customers from a data breach will be consolidated in the retailer’s home state...
Cyber Coverage Demand Increased in 2013, Trend to Continue in 2014: Marsh
Apr 3 2014 // Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research...
Venture Expands Cyber Liability Coverage to Hospitality Industries
Apr 1 2014 // Venture Insurance Programs has expanded and enhanced privacy and data breach protection for its PREFERRED CLUB program for golf and country clubs, and its Suitelife programs for hotels and resorts. The policy offers...
Business Risk Partners, LIU Launch New E&O Policy Form for Agents, Brokers
Mar 26 2014 // Program administrator Business Risk Partners (BRP) has launched a new insurance agents and brokers professional liability form through Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance....
Technical and Medical Device Convergence Exposes New World of Risks
Mar 24 2014 // When the acclaimed television drama series Homeland climaxed with a devious plot by terrorists to kill America’s vice-president by hacking into his electronic pacemaker, critics mocked the ludicrousness of the idea...
Sony Units Lose Ruling in CGL Policy Coverage Dispute
Mar 24 2014 // A New York trial court recently ruled in a commercial general liability (CGL) policy coverage case that Zurich American Insurance Co. has no duty to defend Sony Corp. of America and Sony Computer Entertainment America in...
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
California Targeted by Cyber-gangs: Report
Mar 21 2014 // International criminal enterprises follow the money, and a report says they are increasingly focusing on California because of its wealth and innovation. Aside from long-time trafficking in drugs, guns and people, the...
Agents Can Help Small Businesses Stay on Top of New Risks: Hartford School
Mar 20 2014 // Small businesses face a myriad of challenges throughout the business life cycle as they embark on new ventures and grow their operations. And insurance agents can serve as their guide and help them understand risks and...
N.Y. Court: Zurich Not Obligated to Defend Sony Units in Data Breach Litigation
Mar 17 2014 // A New York trial court recently ruled in a commercial general liability (CGL) policy coverage case that Zurich American Insurance Co. has no duty to defend Sony Corp. of America and Sony Computer Entertainment America in...
Neiman Marcus Sued by Illinois Cardholder over Data Breach
Mar 16 2014 // Neiman Marcus Group Ltd., the luxury department store operator, was sued by an Illinois woman over a data breach in which the retailer initially said more than 1 million customer credit cards may have been...
No Consensus Among States Over Data Breach Laws
Mar 13 2014 // The data breach at Target Corp. that exposed millions of credit card numbers has focused attention on the patchwork of state consumer notification laws and renewed a push for a single national standard. Most states have...
Archdiocese In Washington Says Data Breach May Lead To Fraud
Mar 12 2014 // The Catholic Archdiocese of Seattle says some employees and volunteers may be victims of national tax refund fraud because of a data breach. The Seattle Times reported that the archdiocese posted a notice about the problem...
