cyber claims News

CFC Underwriting Taps Francis from Aon/Stroz Friedberg as Cyber Claims Director

CFC Underwriting, the London-based managing general agent that specializes in emerging risks, announced the appointment of Roger Francis as Cyber Claims director. Francis will lead CFC’s cyber claims and incident response organization, as well as oversee CFC’s cyber risk management …

State of the Cyber Insurance Market— Top Trends, Insurers and Challenges: A.M. Best

The cyber insurance market continues to grow and underwriting performance in this line remains strong, according to a new industry report. Direct premiums written for both standalone and packaged cyber policies grew about 12 percent in 2018 from $1.8 billion …

Chubb Launches Online Cyber Risk Index

Chubb has put two decades worth of its own commercial cyber claims data into an online index that shows the cyber threats for organizations based on their size and industry. Access to the new proprietary online Chubb Cyber Index is …

Cyber Insurance Claims from Fraudulent Instruction Scams Rise: Beazley

Organizations are being forced to deal with an increased threat to their operations from fraudulent instruction scams, according to specialist insurer Beazley’s most recent Breach Report. According to the insurer, fraudulent instruction incidents reported to Beazley Breach Response Services quadrupled …

Panensky to Lead New Ironshore Computer Emergency Response Team

Ironshore Inc. has unveiled a Computer Emergency Response Team (CERT) to manage cyber claims across all product lines. CERT-Ironshore is a dedicated computer response team comprised of cyber claims coordinators representing each specialty lines division. Howard Panensky will serve as …

Effective Cybersecurity Strategy Rests on People, Not Just Technology

While many organizations continue to focus on the technology aspect of cyber defense, which is crucial, they often do so at the expense of people risks, which represent the largest source of data breach claims. New claims data analysis from …