All the headlines from our Cyber Topic Page, ordered by recency.
Feb 11 2013 // Ascent Underwriting, a specialist Managing General Agent (MGA) providing coverage for emerging cyber risks, has been launched in London, targeting clients ranging from micro businesses to international corporations.The...
Feb 11 2013 // Claims from the real estate and financial meltdown of 2008 are finally catching up to carriers in the lawyers professional liability marketplace, pushing rates up and eventually forcing out the short-term...
Feb 11 2013 // Still struggling through the recession, the last thing the nonprofit sector needed is the negative publicity generated by Jerry Sandusky and Lance Armstrong.The recession was hard on just about everyone, particularly the...
Feb 8 2013 // 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...
Jan 30 2013 // “Many companies still do not devote sufficient attention to cyber risks, despite an increase in frequency, scope, and sophistication – and harsher penalties for lack of regulatory compliance and loss of...
Jan 29 2013 // ACE USA has introduced a new option for ACE privacy protection policyholders through enhancements to its data breach team endorsement. The new data breach fund sidecar endorsement eliminates tiered sub-limits and provides...
Jan 28 2013 // A month down. The year is ticking away. And with the next Facebook, Google or Apple seemingly just around the corner, technology continues to be on many a mind in 2013.In fact in a poll conducted on InsuranceJournal.com in...
Jan 28 2013 // 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...
Jan 25 2013 // CloudInsure, a cloud insurance platform designed to specifically address privacy and security liabilities within the cloud environment, has formed an agreement with independent (re)insurance broker Lockton to provide risk...
Jan 22 2013 // 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*....
Jan 15 2013 // 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....
Jan 7 2013 // South Carolina legislators say they’re willing to spend whatever it takes to prevent another massive security breach in state government, once they have a handle on what’s necessary.House and Senate leaders of...
Jan 3 2013 // San Francisco, Calif.-based Wells Fargo Insurance named Rebecca Pearson vice president for its professional risk group’s technology, privacy and network risk practice.Pearson will advise clients on professional...
Jan 2 2013 // 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...
Jan 2 2013 // In Chinese astrology, the year 2012 was the Year of the Dragon, a symbol of unpredictability and uncertainty. The dragon represents mystery because its head and tail cannot be seen at the same time, according to Chinese...
Dec 17 2012 // This issue identifies certain developments insurance professionals can expect in the new year. Beyond those mentioned in the articles in this issue, there is one thing everyone can expect that would require its own...
Dec 14 2012 // 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...
Dec 11 2012 // The Chubb Group of Insurance Companies has launched a new endorsement to help protect community banks from a more than three-fold increase in fraudulent online commercial transactions. The new endorsement to the ForeFront...
Dec 7 2012 // Nationwide Mutual Insurance Co. says someone attacked part of its computer network and likely stole personal information affecting more than 1.1 million people.The Columbus, Ohio-based company says the Oct. 3 data breach...
Dec 6 2012 // Iowa officials say more than 90,000 residents in the state have been affected by a nationwide insurance breach that’s impacted more than a million people. Iowa Attorney General Tom Miller on Dec. 4 announced the data...