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Cyber Insurtechs and Insurers ‘In This Together,’ Not in Competition

Jul 4 2022 // Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk. Lori Bailey “We’re all trying to...

Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market

Jul 4 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...

SMBs Are Struggling to Get Cyber Insurance; Here’s How to Stay Protected

Jul 4 2022 // For the first time ever, cyber insurance is facing a hard market. Since the product line’s inception about 20 years ago, carriers, brokers and policyholders have reaped the benefits of soft market conditions....

Grocery Chain Wegmans Settles with New York Over Data Breach

Jul 1 2022 // The supermarket chain Wegmans agreed to pay $400,000 and upgrade its security practices over a data breach that exposed personal information of more than 3 million consumers nationwide, New York Attorney General Letitia...

‘It’s Not Been Fun’: Cyber Insurance Brokers Seek Consistency as Hard Market Settles

Jun 29 2022 // Alexandra Bretschneider said it feels like she has been a part-time grim reaper the last two years. The cyber practice leader at broker Johnson, Kendall & Johnson said, “I am just constantly delivering bad...

Marsh Launches Cyber Incident Management Service to Support UK, European Clients

Jun 28 2022 // Insurance broker Marsh announced the launch of its Cyber Incident Management (CIM) service to support clients headquartered in the UK and Continental Europe to prepare for, respond to, and recover from cyber incidents, as...

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