Home Depot to Pay $17.5 Million to Settle With States Over 2014 Data Breach Claims November 25, 2020 By Jonathan Stempel Home Depot Inc., the largest U.S. home improvement retailer, on Tuesday reached a $17.5 million settlement to resolve a multistate...
Howden Buys Cyber and Tech Specialist Broker Safeonline November 23, 2020 Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist...
Business Interruption Cyber Risks Demand More Insurer Attention as 5G Dawns October 26, 2020 By Mark Hollmer Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts...
1 in 4 Businesses Has Experienced Cyber Event, Travelers Survey Finds October 22, 2020 By Elizabeth Blosfield Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers’ Cyber Risk Index...
Survey Finds 78% of Risk Managers Now Buying Cyber Insurance October 20, 2020 The tenth year of the Zurich North America and Advisen Cyber Survey reveals that 78% of risk managers now purchase...
INSTANDA Launches Cyber Insurance Product in Africa October 16, 2020 INSTANDA, the customer and policy management platform for the insurance industry, has launched its first African insurance market product on...
U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands October 1, 2020 By Andrew G. Simpson The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering...
Allianz Adds 3 From Argo to Cyber Insurance Team September 30, 2020 Allianz Global Corporate & Specialty (AGCS) has made several hires to strengthen its cyber insurance underwriting team: Tresa Stephens as...
Casualty Reinsurance Demand Rises in N. America Despite Hardening Primary Rates September 16, 2020 By L.S. Howard Although there is a significant market correction taking place in the North American liability insurance market, demand for casualty reinsurance...
Cyber Lessons for the Insurance Industry Continue Three Years After NotPetya August 12, 2020 By Elizabeth Blosfield This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in...