All the headlines from our Cyber Topic Page, ordered by recency.
Jun 29 2016 // RLI Insurance Company’s RLI Executive Products Group has launched a new cyber liability insurance product. RLI’s cyber liability insurance offers both first and third party coverage options to protect...
Jun 28 2016 // Ironshore’s Pembroke Managing Agency Limited has updated its Financial Institutions Crime program to include cyber fraud and cyber extortion. Pembroke’s crime coverage for Financial Institutions indemnifies a...
Jun 27 2016 // China moved closer on Monday to adopting a controversial cyber security law, after parliament held a second reading of the draft rules, which carry significant consequences for domestic and foreign business and threaten...
Jun 27 2016 // As businesses spend billions of dollars a year trying to protect their data from hacking that’s costing trillions, they face another threat closer to home: data theft by their own employees.That’s one of the...
Jun 23 2016 // Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks.Offered through Zurich’s partner Crawford &...
Jun 22 2016 // Los Angeles-based Grandpoint Bank is now selling cyber insurance policies to its business customers to provide coverage for wire-transfer and cyber fraud.Grandpoint, which does business in California, Arizona and...
Jun 22 2016 // A Russian ringleader of a group that fraudulently bought some of the hottest tickets in music, sports and theater by sneaking into StubHub users’ accounts pleaded guilty this week in a scheme involving over $1...
Jun 21 2016 // Aon plc has appointed Luke Foord-Kelcey to co-head Aon Benfield’s Global Cyber Practice Group, reinforcing the firm’s commitment to cyber risk management and transfer.Based in London, Foord-Kelcey will be...
Jun 16 2016 // Appointed agents and agencies of Florida’s Citizens Property Insurance Corp. have just two weeks left to sign new appointment agreements or have their contract with the state-run insurer terminated.Agreements...
Jun 14 2016 // The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced HSB Home Cyber Protection, a personal lines cyber insurance program for consumers.HSB Home Cyber Protection offers a suite...
Jun 14 2016 // The University of Massachusetts Amherst is receiving a $15 million donation to strengthen its data science and cybersecurity programs.The 10-year donation comes from the MassMutual Foundation, a charitable arm of the...
Jun 14 2016 // Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline,...
Jun 9 2016 // Allianz Insurance plc, the U.K. subsidiary of Allianz SE, has partnered with global cyber security consultancy, IT Governance Ltd., to offer commercial customers a free online cyber risk assessment.The Allianz Cyber Risk...
Jun 9 2016 // CoverHound CEO Keith Moore has a vision of simplifying cyber insurance sales that involves underwriting the security vendors used by insureds—a model that could ultimately allow small business customers to bind their...
Jun 9 2016 // Assurant, Inc. has teamed up with cybersecurity specialist MyDigitalShield to help protect small businesses against losses from data breaches.Assurant will provide support for MyDigitalShield’s data breach guarantee,...
Jun 7 2016 // Aspen U.S. Insurance is expanding its cyber team and has named Josh Ladeau, formerly with Allied World Assurance Co., as senior vice president for Cyber Risk. Ladeau will focus on the growing the cyber portfolio within...
Jun 7 2016 // Allianz Global Corporate & Specialty (AGCS) has expanded its North American cyber insurance team with three industry professionals: Laura Burke, Daniel J. DeLoof and Lester Shearn.Emy R. Donavan was also promoted to...
Jun 7 2016 // Chubb has added cyber bullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with a cyber bullying incident.Chubb’s cyber bullying...
Jun 6 2016 // Grange Insurance launched new cyber coverage for businesses that offers protection against potential data breaches.The new coverage offers limits ranging from $25,000 to $1 million, first- and third-party coverage and...
Jun 6 2016 // Last year data breaches in the government/military sector accounted for 11.7 percent of U.S. breach incidents. —Identity Theft Resource Center The practice of employing encryption strategies in the public sector rose...