Real estate software maker RealPage has been denied a $6 million computer crime insurance coverage claim because the stolen funds were not in its possession but were instead being held by a payment processing firm at the time of a …
Chubb has launched a digital platform for selling selected insurance coverages to “digitally savvy” consumers, primarily through affinity, company and digital broker partners of Chubb to their members, employees and customers. The platform, Blink by Chubb, represents a new brand …
A South Carolina county continues to rebuild its computer network after what it called a sophisticated hacking attempt. Hackers sent an email Jan. 22 that allowed them to take over Georgetown County’s computers. They demanded a ransom to return the …
Internet of Things (IoT) devices are increasing the risk of cyber attacks to industrial and manufacturing businesses, according to a report published by Lloyd’s in partnership with cyber analytics specialist CyberCube and reinsurance broker Guy Carpenter. As cyber threats continue …
The Baltimore County Board of Education has approved more than $1.7 million in contracts for services that were necessary after a ransomware attack on school systems in November. Administrators told board members that they expect the school system’s cyber insurance …
The New York State Department of Financial Services (DFS) has issued new guidance spelling out best practices for New York-regulated property/casualty insurers that write cyber insurance. This serves as the first guidance the regulator has issued on cyber insurance in …
Cyber criminals shifted away from stealing individual consumers’ information in 2020 to focus on bigger, more profitable attacks on businesses, according to a report from the Identity Theft Resource Center. The nonprofit, which supports victims of identity crime, found that …
This post is part of a series sponsored by Hanover Insurance Group Inc. Most businesses recognize a cyberattack can have a potentially devastating effect on their operations. These same businesses have purchased insurance for traditional cyber risks, such as breaches …
Coalition has appointed five new production underwriters to help grow and serve the company’s middle market relationships. New Coalition production underwriting team members include: Andrew Cross, based in San Francisco, joined Coalition from CNA Insurance where he held the role …
Specialty insurer AmTrust Financial Services reported that Jeffrey Batt and Michelle Ingrassia have joined its cyber insurance team headed by Aaron Basilius, senior vice president, Cyber. Batt joins AmTrust from M&T Bank where he was the Cyber Insurance practice leader. …
