Satisfied that they finally have their arms around cyber-security risks and that construction company defenses are adequate for now, insurance carriers in 2023 ceased brutal cyber insurance price ...

In Summer 2023, the payment system for a small office and warehouse project that Beck Properties was developing for itself in South St. Paul, Minn., seemed to be running smoothly. Emails were ...

Having a cyber insurance policy that keeps up with both market trends and threat actors’ approaches is a surefire way of ...

Cyber insurance, as an emerging line of insurance within property/casualty insurance, started as a relatively straightforward product by traditional insurers, focusing first on third-party liability ...

Cyber insurance is not complicated: It is a safety net protecting against liability and financial loss in a data breach. However, the larger question surrounding this topic remains whether your ...

It’s no secret that the overwhelming majority of cyber insurance policies underwritten today are for commercial lines. But as the song goes, “The times they are a-changin’.” Several trends are on ...

Rising claims and higher loss ratios are putting pressure on insurers, even as pricing conditions soften in a cyber insurance market that Bermuda continues to dominate. The Bermuda Monetary ...

Demand for cyber insurance coverage remains strong and is anticipated to continue as more individuals and businesses consider the growing future risks. This is the view of a global credit rating ...

It is not news that cyberattacks are considered a top global concern. In 2024, the average financial cost of cyber incidents worldwide was $4.88 million. In the US, the average was even higher: $9.36 ...

Not that long ago, few companies even considered purchasing insurance to mitigate their financial exposure from a cyber incident, and for those that did, obtaining a policy was as easy as filling out ...

South African businesses are facing growing risk of cyber-insurance claim rejections due to misrepresented security controls, poor governance practices and outdated approaches to cybersecurity ...