Coalition Launches Full-Stack Cyber Insurer for SMBs January 31, 2023 Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition...
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally January 30, 2023 A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients....
Ransomware Attack Closes 300 Yum Brands Eateries in UK for a Day January 19, 2023 Yum! Brands, Inc. on Wednesday announced that a ransomware attack affected certain information technology systems. Almost 300 of its restaurants...
Beazley Launches Global Re/insurance Market’s First Cyber Catastrophe Bond January 9, 2023 Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond. The $45 million bond gives Beazley indemnity...
Cyber Insurance Themes to Look Out for in 2023 January 3, 2023 By Oliver Brew, Lockton Re As the Roman God Janus (for which of course the month January takes its name) reflects both looking backwards and...
Judge Permits Claim for Business Lost While Helping Clients Recover From Data Breach December 28, 2022 A federal judge has dismissed a complaint leveled against an insurer alleging bad faith in the handling of a data...
Embroker: Cybersecurity a Top Investment Focus for Startup Founders in 2023 December 9, 2022 Cybersecurity concerns will likely remain a focus for startup founders in 2023, according to the recent Embroker Cyber Risk Index:...
Fraudulent Funds Transfer, Ransomware Are Main Drivers of Cyber Loss: Corvus December 7, 2022 According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations. FFT comprised...
Abortions, Drug Use Exposed in Cyber Attack on Australian Health Insurer Medibank November 14, 2022 By Jamie Tarabay When the Australian health insurer Medibank Private Ltd. was hit with a ransomware attack last month, it provided regular updates...
40 States Obtain $16M Settlements with Experian, T-Mobile Over Data Breaches November 8, 2022 A coalition of 40 state attorneys general has obtained two multistate settlements for $12.67 million with credit data firm Experian...