Lockton Re: Hypothetical Cyber Event Offers Carriers an Opportunity to Review Risks April 26, 2024 A simulated cyber catastrophe highlights the benefits and problems cyber insurance carriers will encounter as a result, according to a...
Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium April 25, 2024 Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the...
Cerebral Inc. to Pay $7M for Data Exposure, Non-Cancels on Counseling Subscriptions April 17, 2024 By Insurance Journal Staff Reports Cerebral Inc., a major U.S. provider of telemedicine mental health services, will likely have to pay $7 million in penalties...
CRC Moves InsureTrust Cyber Broker to Wholesale Division April 16, 2024 Alabama-based CRC Group, a wholesale and specialty distributor and part of Truist Insurance Holdings, has shuffled its deck a bit,...
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023 April 16, 2024 The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium...
SC’s Top Officer: No Details on 2012 Hack That Forced $12M in Cyber Insurance April 12, 2024 By Jeffrey Collins COLUMBIA, S.C. (AP) — Twelve years after a hacker stole personal data from more than 3.6 million people in South...
Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos April 3, 2024 With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for...
UnitedHealth Offers Over $3.3B in Loans to Providers Hit by Cyberattack on Unit March 28, 2024 UnitedHealth Group said on Wednesday it has advanced more than $3.3 billion in loans to care providers impacted by a...
Markets/Coverages: Marsh Creates Cyber Group Captive for Clients Seeking More Stability in Insurance Programs March 25, 2024 Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the creation of Edgware Re Ltd., a...
Beazley Creates Cyber Risk Management Company February 21, 2024 Beazley, the London-based specialty insurer, announced the creation of an integrated cyber risk management company, Beazley Security, formed from the...