Equifax Breach Could be Costliest Yet at $439M; Insurance to Cover $125M March 4, 2018 By Jim Finkle and John McCrank Equifax Inc. said it expects costs related to its massive 2017 data breach to surge by $275 million this year,...
Tokio Marine Kiln Taps Jomaa from CFC as Cyber Underwriter February 1, 2018 Tokio Marine Kiln (TMK), the London-based provider of specialist and corporate insurance, has appointed Alex Jomaa as cyber underwriter. He...
$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR January 23, 2018 By Suzanne Barlyn A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion...
Is Equifax’s Cyber Insurance Enough to Cover Breach? September 11, 2017 By Sonali Basak Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the...
Texas Stamping Office: Surplus Lines Cyber Growth Keeps Up with Demand June 29, 2017 In Texas and across the nation, the surplus lines insurance market is keeping up with the increase in demand for...
At Least 60 Chipotles in Minnesota Hit by Malware June 1, 2017 Chipotle says customers at more than 60 of its fast food restaurants in Minnesota are among hundreds across the country...
MGA Nirvana Targets Media, Technology & Cyber Risks on Castel Platform April 21, 2017 Nirvana Risk Partners has launched as an underwriting cell on Castel Underwriting Agencies’ MGA formation platform, targeting media, technology and...
How to Help Insureds Manage Customer Privacy Risk January 9, 2017 By Elizabeth Blosfield Insurance carriers and agents have come to learn that increased data can lead to greater risk for insureds, and they...
What Executives Need to Know About Managing D&O Liabilities: Allianz Report December 2, 2016 Company directors and senior managers across the globe are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil...
Pen Underwriting Names Scott as Head of Cyber Liability, Driving Cyber Growth July 26, 2016 Pen Underwriting announced that Adrian Scott has been appointed to the newly created role of head of Cyber Liability. Scott...