Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh July 31, 2023 Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh,...
Business Leaders Appear Less Concerned by Cyber Risk: Report July 18, 2023 The worldwide impact of cybercrime on business is predicted to balloon to $10.5 trillion by 2025, but boardroom focus on...
Markets/Coverages: Coalition Launches Active Cyber Insurance in Quebec July 11, 2023 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced its cyber insurance and technology errors and omissions...
University of California Files Lawsuit Against Lloyd’s of London Over Refusal to Reimburse Cyber Insurance Costs June 30, 2023 By Joel Rosenblatt The Regents of the University of California sued Lloyd’s of London, arguing the company refused to reimburse the university system...
Cyber Insurance Premiums Surge by 50% as Ransomware Attacks Increase June 14, 2023 By Marnie Muñoz US cyber insurance premiums surged 50% in 2022 as increased ransomware attacks and online commerce drove demand for coverage. Premiums...
Tokio Marine Kiln Sets Up Cyber & Enterprise Risk Division June 5, 2023 Specialist insurer Tokio Marine Kiln (TMK) has established a standalone Cyber & Enterprise Risk division as part of its effort...
Cyber Insurance Attorney Charged With Serial Rape, Kidnapping 15 Years Ago May 31, 2023 By Andrew G. Simpson The Federal Bureau of Investigation and Boston Police reported they have arrested a cyber insurance attorney in connection with a...
Clients Buy Higher Limits as Q1 Cyber Increases Follow Moderation Trend: Marsh May 15, 2023 By Chad Hemenway For the fifth straight quarter, pricing increases for cyber insurance continued to fall at the start of 2023. According to...
FERMA: Appeal of Cyber Insurance May Weaken Without ‘Concerted Dialogue’ May 10, 2023 The Federation of European Risk Management Associations (FERMA) said it has concerns that the cyber insurance market is “evolving in...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary? May 9, 2023 By L.S. Howard The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the...