CYBER RISKS
Working from home can be precarious. The household printer is upstairs and the dog lives under my desk, so its not a stretch to imagine a scenario where I trip over the dog and/or slip on the stairs as I run up to retrieve a document.
MONTE CARLO, Monaco The market for cyber liability reinsurance is stable but is unlikely to grow significantly until more sophisticated underwriting tools are developed to assess the risks, reinsurance leaders say.
Working from home can be precarious. The household printer is upstairs and the dog lives under my desk, so its not a stretch to imagine a scenario where I trip over the dog and/or slip on the stairs as I run up to retrieve a document.
MONTE CARLO, Monaco The market for cyber liability reinsurance is stable but is unlikely to grow significantly until more sophisticated underwriting tools are developed to assess the risks, reinsurance leaders say.
Suspected Chinese hackers tampered with widely used software distributed by a small Canadian customer service company, another example of a supply chain compromise made infamous by the hack on U.S. networking company SolarWinds.
Around $22 trillion of global debt rated by Moodys has a high or very high exposure to the risk of cyberattack, the ratings agency said in a report on Thursday, with hospitals and utilities seen at the greatest risk.
Business and media publication Fast Company said it shut down its website Tuesday evening after the site was hacked and sent obscene and racist notifications to Apple users via the iPhone makers Apple News service.
Business and media publication Fast Company said it shut down its website Tuesday evening after the site was hacked and sent obscene and racist notifications to Apple users via the iPhone makers Apple News service.
Twitter Inc. misled federal regulators about its defenses against hackers and spam accounts, CNN and the Washington Post reported on Tuesday, citing whistleblower disclosures by the social media companys former security chief Peiter Zatko.
Lloyds of London will require standalone cyber policies to include state-backed cyberattack exclusions beginning in March 2023, it said in a market bulletin this week.
Lloyds of London will require standalone cyber policies to include state-backed cyberattack exclusions beginning in March 2023, it said in a market bulletin this week.
Westfield Specialty, a unit of Westfield Insurance Co., said Thursday its Westfield Pro unit plans to expand its errors and omissions and cyber liability coverage, which to date has been offered on an excess-only-basis, to the primary layer.
Westfield Specialty, a unit of Westfield Insurance Co., said Thursday its Westfield Pro unit plans to expand its errors and omissions and cyber liability coverage, which to date has been offered on an excess-only-basis, to the primary layer.
Axa XL has hired Deuayne Crawford from rival Ironshore to head its cyber operations for the Northeast in New York.
Axa XL has hired Deuayne Crawford from rival Ironshore to head its cyber operations for the Northeast in New York.
A Travelers Cos. Inc. unit correctly paid a phishing claim under its crime policys social engineering fraud coverage and refused to pay under the policys computer fraud coverage, which offered much higher limits, a federal district court has ruled.
Brown & Brown Inc. said Wednesday it had hired former Premier Insurance Management Services Inc. executive Matthew Siciliani as executive vice president, health care growth officer.
Brown & Brown Inc. said Wednesday it had hired former Premier Insurance Management Services Inc. executive Matthew Siciliani as executive vice president, health care growth officer.
A Travelers Cos. Inc. unit correctly paid a phishing claim under its crime policys social engineering fraud coverage and refused to pay under the policys computer fraud coverage, which offered much higher limits, a federal district court has ruled.
Commercial insurance premium rates increased an average of 6.1% in the second quarter, according to a report Monday from The Council of Insurance Agents and Brokers.
Cyber insurer Cowbell Inc. said Tuesday it has hired Julia Cederroth, formerly a cyber broker at Gallagher Re, as senior director of reinsurance.
Cyber insurer Cowbell Inc. said Tuesday it has hired Julia Cederroth, formerly a cyber broker at Gallagher Re, as senior director of reinsurance.
Commercial insurance premium rates increased an average of 6.1% in the second quarter, according to a report Monday from The Council of Insurance Agents and Brokers.