Markets/Coverages: Hartford and Coalition Announce Cyber Capacity Partnership in UK October 29, 2024 The Hartford and cyber-MGA Coalition announced a strategic, long-term capacity partnership in response to growing customer and broker demand for...
Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh October 24, 2024 By L.S. Howard Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first...
Markets/Coverages MGA Pen Underwriting Relaunches Large Corporate Cyber Offering October 21, 2024 Pen Underwriting has relaunched its cyber proposition for large corporate clients with a comprehensive rebuild that sees it re-enter primary...
Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks October 18, 2024 Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the...
Court Finds Ambiguity But No Bad Faith by Insurer in Bible App Data Claim October 17, 2024 By Andrew G. Simpson The Pennsylvania Supreme Court has let stand a state appeals court ruling that tackled for the first time what is...
Markets/Coverages: Beazley Launches Cyber Consortium for Large Corporates October 8, 2024 Specialty insurer Beazley announced the launch of a cyber consortium that provides comprehensive cover for large corporates with a turnover...
Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments August 22, 2024 New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading...
Delta Rejects CrowdStrike Criticism, Sees $500 Million Hit From Cyber Outage August 9, 2024 By Rajesh Kumar Singh and David Shepardson Delta Air Lines said on Thursday it is pursuing legal claims against CrowdStrike and Microsoft after a global outage last...
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses August 2, 2024 By Chad Hemenway Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses,...
Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany August 1, 2024 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in...