Court Rules Events After Email Instruction Don’t Erase Claim for Phishing Loss December 12, 2019 By Jim Sams A $1.7 million email phishing fraud that included phone calls with a fake lawyer and an intervention by a Wells...
Was It an Act of War? That’s Merck Cyber Attack’s $1.3 Billion Insurance Question. December 3, 2019 By Riley Griffin, Katherine Chiglinsky and David Voreacos, Bloomberg By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a...
Pemex Oil Firm ‘Unaffected’ by Cyber Attack, Says Mexican Minister; Workers Disagree November 15, 2019 A cyber attack on computer networks of the Mexican national oil company Pemex is “totally under control” and did not...
Insurer Brit Ltd. Launches E-trading Cyber Portal November 15, 2019 Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and...
Best’s Report Sees Identity Theft Becoming Standalone Personal Cyber Insurance November 15, 2019 The role of identity theft insurance as a supplemental product could evolve as personal cyber risks become more of a...
How Brokers Influence Specialty Insurance Product Innovation November 13, 2019 By Emily Holbrook In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product...
Ransomware Hackers Demand $5M from Mexico State Oil Firm Pemex November 13, 2019 By Adriana Barrera and Raphael Satter Hackers demanded about $5 million in bitcoin from Mexico’s Pemex, they told Reuters on Tuesday, saying the state oil firm...
Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product November 6, 2019 Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency...
TMK Launches Flagship Cyber Product, Cyber Ctrl, in Asia October 31, 2019 Tokio Marine Kiln (TMK) has launched its flagship cyber product, Cyber Ctrl, targeted at insurers in Asia. The product covers...
Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains October 30, 2019 A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half...