Lockton Launches Silent Cyber Property Solution for Businesses October 20, 2021 Lockton, the privately-owned independent insurance broker, has launched its Silent Cyber Property Solution, a standalone policy that covers businesses against...
Treasury Report Offers Insight Into Surge in Ransomware Activity in 2021 October 19, 2021 By William Turton There was $590 million in suspicious activity related to ransomware in the first six months of 2021, exceeding the entire...
Kemper Proposes $17.6M Settlement of Data Breach Claims October 18, 2021 Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about...
Toronto Cyber Insurtech Boxx Expands to U.S., Names Itriago as President October 14, 2021 Right after closing its Series A financing round, Boxx Insurance Inc. announced its expansion to the U.S. and its appointment...
Biz Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report October 14, 2021 By L.S. Howard During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published...
What Corporations Can Do to Avoid Ransomware Attacks October 14, 2021 Allianz Global Corporate & Specialty (AGCS) has published a checklist of cyber risk management recommendations to help prevent ransomware attacks....
U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses October 12, 2021 The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and...
Government Can and Should Help Reduce Cyber-Security Risks: ITC Highlights October 12, 2021 By Mark Hollmer It’s no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions...
People Moves: TigerRisk Names Harbor Hill Solutions’ Kilduff to Head MGA Business; AXA XL Insurance Promotes Gittler to Lead Cyber & Technology, Americas October 11, 2021 TigerRisk Names Former Harbor Hill Solutions CEO Kilduff to Head MGA Unit TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker,...
Aon Launches ‘Ransomware Defence’ to Address Cyber Insurability Challenges October 8, 2021 Insurer Aon plc announced the launch of a new offering aimed at increasing the resilience of businesses in the UK...