cyber insurance News
UnitedHealth Offers Over $3.3B in Loans to Providers Hit by Cyber Attack on Unit
UnitedHealth Group said on Wednesday it has advanced more than $3.3 billion in loans to care providers impacted by a cyber attack on the U.S. healthcare conglomerate's tech ...
Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. ...
Cyber Insurance Seeing Influx of Newcomers as Risk Awareness Grows
Arctic Wolf and Cyber Risk Alliance's 2023 Cyber Insurance Outlook Report found that while more than 70 percent of organizations surveyed in the report have a cyber insurance policy, nearly half of ...
Underwriters Predict Continued Growth of Cyber Risks in 2024
Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer's annual survey of cyber insurance carriers found ...
Fundamentals for Cyber Carriers When Structuring Coverage
The cyber insurance industry is maturing and evolving rapidly following years of escalating cyber incidents and colossal payouts. With the vast financial implications of cybercrime, insurance ...
Travelers to Buy Cyber MGU Corvus for $435 Million
The Travelers Companies said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings Inc. for about $435 million for its middle-market excess ...
Some Buyers Wait Months for Cyber Policies With Coverage Gaps
According to privileged access management Delinea's report, Closing the Cyber Insurance Gap - 2023 State of Cyber Insurance, a significant gap is emerging between insurance carriers and organizations ...
Survey: Cyber Threats Top Business Concerns for 9th Year in a Row
For the ninth straight year, cyber threats were one of the top three business concerns among the 1,200 participants from small-, medium- and large-sized companies surveyed by Travelers Companies, ...