Cowbell Secures $60M Series C Funding From Zurich July 30, 2024 Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed...
Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix July 24, 2024 The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19...
Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics July 5, 2024 By Carolyn Cohn and Noor Zainab Hussain Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions...
Cyber Insurance Rates Drop as Businesses Improve Security, Report Says July 1, 2024 Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cybercrime, even as ransomware...
Guidance and Insurance Implications for the CDK Global Cyberattack June 28, 2024 By John Farley On June 18 and 19, 2024, CDK Global (CDK), a leading provider of cloud-based software to auto dealerships in North...
People Moves: InsureTrust Names Kozel Senior VP June 4, 2024 InsureTrust, an Atlanta-based specialty broker specializing in cyber risk, has named Sonja Kozel as senior vice president. Kozel, with 10...
S&P: 2023 Marked Stall of Rapid Growth in US Cyber Insurance May 22, 2024 By Chad Hemenway S&P Global Market Intelligence weighed in on the U.S. cyber insurance marketplace, reporting that premium dipped in 2023 to end...
Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia May 15, 2024 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in...
Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’ May 6, 2024 By Chad Hemenway While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway’s head of insurance operations said aggregation and loss...
Markets/Coverages: Marsh Expands Cyber Facility ECHO, Offering Up to $125M of Excess Insurance Capacity April 29, 2024 Marsh, the insurance brokerage business of Marsh McLennan, announced an additional $25 million layer of capacity to its existing $100...