Ransomware, Email Compromise Leading Causes of Cyber Loss: NetDiligence September 27, 2024 Cybersecurity claims reported in recent years vary sharply, with larger claims reaching $500 million of data loss and smaller claims...
Marsh McLennan Asks Court to Revisit Data Breach Ruling to Avoid Flood of Litigation September 28, 2023 Marsh McLennan wants the Second Circuit appeals court to reconsider its August decision that overruled a district court and reinstated...
Low-Tech Cyber Attacks Took Advantage of Fixable Vulnerabilities in 2022: Coalition May 16, 2023 By Chad Hemenway Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance...
MGA CFC Underwriting Launches Tool That Calculates Ransomware Costs November 30, 2021 CFC Underwriting, the specialist managing general agent, has released a new tool designed to help customers understand the potential cost...
Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’ July 30, 2021 The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to...
As Cyberattacks Rise, Cyber Insurers Are Rethinking Their Business July 21, 2021 By Katherine Chiglinsky and Max Reyes The hacks came one right after another, sowing chaos at hospitals, idling America’s biggest gasoline pipeline, crippling a huge meat...
Cyber Insurers Hike Rates But Worry About Pricing Long-Term As Losses Mount: Fitch May 27, 2021 U.S. insurers offering cyber coverage have been implementing significant pricing and underwriting actions in 2021 in response to a spike...
With Claims Rising, Cyber Insurers Need More Than Sizable Rate Increases: Fitch April 20, 2021 Cyber insurance underwriters are reporting substantially higher claims losses in 2020 than in prior years and as a result face...
CFC Underwriting Taps Francis from Aon/Stroz Friedberg as Cyber Claims Director July 26, 2019 CFC Underwriting, the London-based managing general agent that specializes in emerging risks, announced the appointment of Roger Francis as Cyber...
State of the Cyber Insurance Market- Top Trends, Insurers and Challenges: A.M. Best June 18, 2019 The cyber insurance market continues to grow and underwriting performance in this line remains strong, according to a new industry...