cyber coverage News

Businesses Believe Cyber Insurance Covers More Than It Does: Survey

Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely covered …

International Marine Underwriters Adds Cyber Coverage to Marine Policies

International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has expanded its product offering with information risk coverage to address a broad range of cyber incidents including data breach, threat of intrusion or interference with computer systems, damage to …

New Paladin Cyber Product for Small, Mid-Sized Businesses Launches in Arizona

Paladin Cyber, a cyber protection and remediation firm, has developed a cyber insurance product tailored for small and mid-sized businesses. Along with its existing software products and services, the new product will enable Paladin to offer a comprehensive cyber-risk assessment, …

What Cyber Exposures and Coverage Gaps Keep Risk Managers Up at Night

Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift from even just 10 years ago when convincing …

DUAL Commercial Launches New CyberTech Defense Product

DUAL Commercial, LLC has introduced a new technology-cyber-media program – CyberTech Defense – that provides cyber coverage in conjunction with DUAL Commercial’s other programs, as well as on a stand-alone basis. DUAL Commercial offers cyber/privacy insurance products with limits from …

XL Catlin Enhances Cyber & Technology Coverage

XL Catlin has introduced CyberRiskConnect, a new policy form to address the expanding exposures of cyber and technology risks. According to John Coletti, chief underwriting officer for XL Catlin’s Cyber & Technology group in North America, the new policy provides …

Travelers Adds Symantec Cybersecurity Services to Cyber Policies

The Travelers Companies, Inc. is now offering cybersecurity services from Symantec Corp. to eligible Travelers cyber policyholders. Symantec will provide a cyber resilience readiness assessment, cybersecurity awareness training videos and a security coach helpline, among other services. Travelers cyber customers …

QBE Launches Privacy, Network Security Coverage for Businesses

QBE North America, an operating division of QBE Insurance Group Limited, has launched a new privacy & network security offering as part of its continued specialty insurance expansion. The new Solution for Cyber Risk product is a comprehensive product suite …

W. R. Berkley Forms Cyber Risk Unit with Chubb’s Vispoli at Helm

W. R. Berkley Corp. announced the formation of Berkley Cyber Risk Solutions. The new organization will offer specialty commercial insurance coverages on a worldwide basis to clients of all sizes on behalf of W. R. Berkley Insurance Group member insurance …

Arch Launches New Network Security & Privacy Products

Arch Insurance Group, a division of Arch Capital Group Ltd., has launched a new network security & privacy product. The new Arch Netsafe 2.0 is designed to protect a company’s liability to third parties and their own business income and …