Cyber Liability does not begin to describe the breadth of coverage actually available in a Cyber Liability Insurance policy. While coverage varies greatly between insurance companies, the best policies provide coverage for the direct, first party expenses essential to...
More carriers are now asking what kind of data is on an applicant’s network, and whether the data is encrypted at rest and in transit. Encryption is increasingly important, and a firm that doesn’t encrypt its valuable data may not be practicing other...
Steve Haase of INSUREtrust was named Cyber Risk Industry Legend at the P&C industry’s first-ever Cyber Risk Awards presented by Advisen Ltd., the single source solution for insurance intelligence. Winning companies – determined by People’s Choice voting – took...
As we mentioned in Part 1 of this series, cyber coverage has been on the market now for over a decade, and a predictable pattern of obstacles to the sale, and the typical order in which they occur, have emerged. The first objection is, “A breach won’t happen to us.” ...
Most agents and brokers have had some opportunity to sell or speak to clients and prospects about Network Security and Privacy Coverage (Cyber). After over a decade of selling cyber coverage, a pattern of obstacles to the sale and the typical order in which they...
Michaels, the country’s largest arts and crafts chain, suspects it might be victim to a cyber crime. The store announced last week that some customers’ credit and bank cards had “possible fraudulent activity.” The Secret Service is investigating. Article Excerpt:...
