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...
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...