Ransomware attacks grew by nearly 50 percent in the 2020 second quarter compared to the first three months of the year, underscoring the risks created by pandemic-related work-from-home requirements, a new Coalition report has determined. On top of that trend, …
The U.S. Justice Department said on Thursday it will hold a public meeting on Feb. 19 to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post. The meeting …
I had the opportunity recently to read two cyber liability policies and they honestly made my head spin a little. There were coverages that I hadn’t thought about and restrictions that didn’t make sense (at least for a while). The …
On July 25, Insurance Journal’s Academy of Insurance hosted a webinar by Joe Harrington, entitled The Evolution of Cyber Liability. Joe started the session in the early days of cyber liability when it was a fringe third-party liability coverage, sold …
Illinois-based Rush System for Health says personal information from about 45,000 patients may have been compromised in a data breach. The health system said in a recent financial filing that the exposed data may include names, addresses, birthdays, Social Security …
The Independent Insurance Agents of Texas (IIAT) has entered an exclusive partnership with Wingman Insurance for cyber liability coverage. IIAT members can now access the Wingman Cyber online platform to provide cyber liability insurance for their commercial clients. Additionally, IIAT …
Great American Insurance Group has hired Kelli Artin as divisional vice president of Cyber Liability. Artin will focus on the distribution strategy and marketing of the company’s cyber risk insurance offerings. Artin most recently served as a vice president with …
Cincinnati, Ohio-based Great American Insurance Group has hired Betty Shepherd as divisional senior vice president of Cyber Liability. She will oversee the company’s cyber initiatives and existing cyber underwriting operations. Shepherd will also coordinate product management and development for all …
The total commercial cyber liability market will reach $6.2 billion in written premium by 2020 after annual growth rates of 20-30 percent, Verisk predicts in a market analysis. “Cyber liability risk is rapidly permeating every business that has any dependence …
Equifax Inc. said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most costly hack in corporate history. …
