There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber insurance products are combined with insurance policies of another type; for example, technology errors and omissions liability …
A survey of perceptions about cyber risk sponsored by the American International Group Inc. (AIG) found that among corporate executives, more are concerned about cyber threats than about other major business risks. More than 85 percent of the 258 decision-makers …
Beazley plc has launched new computer crime and account takeover coverages for financial institutions. The enhanced computer crime policy is designed for the continually evolving services and applications that financial institutions are offering their clients. It also addresses the constantly …
Small businesses may not think they are at risk for cybercrime, but almost 72 percent of the 855 data breaches worldwide analyzed by Verizon’s forensic analysis unit were at companies with 100 employees or less*. However, a questionnaire by Travelers …
Business Risk Partners (BRP) is now offering E&O with built-in data breach/privacy coverage for tech service providers, including website designers and engineers, software developers, and emerging tech firms. Additionally, for small and middle market companies nationwide, BRP is offering stand-alone …
The insurance industry has wrestled with the best way to respond to all the different privacy and security exposures businesses face in the current tech-heavy world. Since it first came out in the late ’90s, cyber coverage has evolved from …
Insurers now have access to a new sample endorsement they can use to provide “data breach” coverage to small- and mid-sized commercial accounts. The American Association of Insurance Services (AAIS) has released the sample endorsement under its business owners program …
Louisville, Ky. headquartered Intellectual Property Insurance Services Corporation (IPISC) has launched IP Defense Indemnification Insurance for cyber/media-based technology companies. The cyber/media-based industry utilizes technologies that pose a significant intellectual property (IP) litigation risk. The industry as a whole is particularly …
Markel has launched a new risk management portal for DataBreach policyholders that includes information and technical resources that can assist in the prevention of network, cyber, and privacy breaches as well as support in the reporting and recovery of losses …
The head of the House of Representatives Intelligence Committee said on Thursday that significant new cyber threats to U.S. financial networks appeared to be emerging from an “unusual” source. Committee Chairman Mike Rogers did not specifically identify the purported new …
