Pipeline Ransomware Attack Stirs Debate on Whether Insurance Attracts Hackers May 17, 2021 By Katherine Chiglinsky and Jamie Tarabay The ransomware attack on Colonial Pipeline Co. that caused gasoline shortages along the U.S. East Coast also sparked a debate...
Cyber Ransom Payments Set a Bad Precedent But Happen Often May 14, 2021 By Kartikay Mehrotra and Michael Riley The U.S. government’s fight to choke off ransom payments collected by hackers hit a major snag Thursday, following news that...
Colonial Pipeline’s Cyber Insurers Include AXA XL, Beazley May 13, 2021 Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd’s of London insurers AXA XL and Beazley among the...
The Really, Really Big One: The Likelihood of a 1-in-100 Year Cyber Catastrophe May 12, 2021 By Elizabeth Blosfield More than a year into what some have called a 1-in-100 year pandemic with COVID-19, many may be wondering what...
Insurer AXA to Stop Paying for Ransomware Crime Payments in France May 9, 2021 By Frank Bajak In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France...
Insuring Cyber Podcast: Social Engineering Risks Rising, but Cyber Coverage Still Lacks April 28, 2021 By Elizabeth Blosfield The COVID-19 pandemic has upended the work environment in many ways, and cyber experts say one unfortunate result of the...
Cyber Attacks and Data Loss Are Top 2 Risks Facing Directors & Officers: WTW Survey April 23, 2021 By L.S. Howard Cyber attacks and data loss are the top two risks facing directors & officers, with pandemic-related changes in working practices...
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...
Guy Carpenter Names Co-Heads of Cyber, Hiring Swiss Re’s Cordonnier, Promoting Davis April 19, 2021 Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the appointment of Anthony Cordonnier as managing director...