Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Philadelphia Launches Cyber Security Liability Endorsement
Aug 1 2016 // Philadelphia Insurance Companies’ (PHLY) has launched a new Cyber Security Liability Endorsement that offers both first and third party protection for numerous classes of business. The Cyber Security Liability...
BHSI Offers Cyber Liability Cover in New Zealand; Marshall to Lead Product Line
Jul 28 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has introduced cyber liability insurance in New Zealand and appointed Ian Marshall to lead the product line locally as senior underwriter, Executive &...
Barnes & Thornburg Adds 2 Insurance Recovery Attorneys in California
Jul 27 2016 // Barnes & Thornburg LLP has added David Wood and Joshua Rosenberg to the firm’s litigation department and insurance recovery and counseling practice group. The firm also added John Corbett, of counsel, in Dallas,...
Capsicum Re Hires Bousfield, Palmer and O’Dwyer-Smith to Cyber Team
Jul 27 2016 // Capsicum Re*, the specialist reinsurance broker, announced it has hired Patrick Bousfield, Jane Palmer and Alice O’Dwyer-Smith to its cyber team. They are based in the London office and report to Ian Newman, a...
Integro Launches Cyber Risk Practice Focused on ‘Knowledge Assets’
Jul 26 2016 // International broker and risk management firm Integro Insurance Brokers has started a new cyber risk practice focused on exposures beyond the commonly accepted definition of data or ‘knowledge...
Pen Underwriting Names Scott as Head of Cyber Liability, Driving Cyber Growth
Jul 26 2016 // Pen Underwriting announced that Adrian Scott has been appointed to the newly created role of head of Cyber Liability. Scott takes responsibility for enhancing Pen Underwriting’s capabilities in cyber risk management...
Texas Attorney: Information-Heavy Healthcare a Huge Target for Cyber Crime
Jul 25 2016 // Powered by InsuranceJournal.tv Healthcare organizations contain a wealth of personal information, making them them the number one target for cyber breaches, according to a Houston-based attorney who specializes in...
Lloyd’s Has Potentially Large Exposure to Catastrophic Cyber Attack: Adsensa Review
Jul 25 2016 // A review of almost 400 reinsurance contracts underwritten at Lloyd’s of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber attack should occur. Analysis of 392 property...
Changing Political Risk Landscape: Religious Extremists, Cyberterrorism Cause Concerns
Jul 25 2016 // In a short period of time, the political risk market has experienced a significant shift in exposures, with new potential threats and different territories now threatened by attacks from religious extremists. Christof...
What to Know About Liability and Legal Costs for Apps
Jul 25 2016 // The purchase and use of smartphones, tablets, wearable computers and other mobile computing devices (MCDs) connected to the internet have experienced staggering growth in the past several years. Soon after the Apple App...
Cyber Attacks on Financial Firms Up; Ransomware Attacks Way Up: Beazley
Jul 22 2016 // Financial institutions including small banks and credit unions faced a huge spike in the number of hacking and malware attacks during the first six months of 2016, specialty insurer Beazley found in a new report. The level...
Uptick in Lawyers’ Liability Claims; Business Transactions Top Claim: Study
Jul 22 2016 // Law firms have seen an increase in the frequency of malpractice claims, which are becoming more costly to defend and could cause lasting reputational damage, according to a new study by insurance broker Ames & Gough....
BHSI Launches Cyber Liability Cover in Australia; Osgood Leads Product Line
Jul 21 2016 // Berkshire Hathaway Specialty Insurance Company (BHSI) announced it has introduced cyber liability insurance in Australia and named Emma Osgood as head of Cyber Liability in the region. BHSI is focusing on the...
Risk Managers Fear Cyber and Liability Risks of Autonomous Vehicles: Survey
Jul 20 2016 // Cybersecurity is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted by Munich Re. The world’s second-biggest reinsurer found that 55...
Internet of Things Is Industry Disruptor that Could Benefit Innovators: Efma Report
Jul 20 2016 // The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, connected cars and the...
AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures
Jul 20 2016 // AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary protection for property damage,...
Insurers Expect Lower Returns in Face of Low Interest Rates, Heightened Competition
Jul 14 2016 // Approximately three-fourths of insurers surveyed have lowered their target return-on-equity expectations to 10 percent or lower, a reflection of highly competitive market conditions remaining and the slow-growth economy,...
Cyber Liability Expert Holmes Joins ID Experts in Oregon
Jul 13 2016 // Portland. Ore.-based ID Experts has named Kimberly Holmes senior vice president and counsel in cyber insurance, liability and emerging risks. Holmes will be responsible for overseeing cyber and insurance litigation...
BHSI Launches A&E Professional Liability Policy with Cyber Insurance
Jul 12 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First architects & engineers (A&E) professional liability insurance in the U.S. The new policy’s cyber coverage addresses media,...
Schinnerer Partners With Cloud Provider on Cyber Security Protection
Jul 11 2016 // Victor O. Schinnerer & Company and Spanning, an EMC company and provider of SaaS data protection, have released a new cyber security protection product. The collaboration, with help from Microsoft, is designed to help...
