With the introduction of bill S.B. 106, Alabama is set to become the 48th state to enact data breach legislation. The bill would require Alabama residents to be notified if
As companies continue to come under fire from hackers, many corporate security officers are turning to the insurance sector to understand what constitutes good cybersecurity.
Speaking to a group of insurance industry experts, Federal Insurance Office Director Michael McRaith recently argued that the Federal government “has the backs of insurers and their clients as they seek
Nautilus Insurance has announced an enhanced version of its General Liability product, which includes “an optional buyback for First Party Cyber Coverage for eligible classes of business.”
In what could be a huge PR boost for the cyber insurance marketplace, Lloyd’s of London has “reported a 50% year-on-year increase in submissions during the first quarter.”
Not everyone thinks so. Mark Gilbert argues in a recent Property Casualty 360 article that cyber insurance is curbing companies’ ability to combat hackers because cyber insurance does not address the
The NAIC is planning to implement a “comprehensive, mandatory filing for property casualty insurers that would give it a full range of information and data on the cybersecurity insurance market.”
“Cybersecurity is one of the biggest concerns my clients have,” says Leon LaBrecque, a managing partner at LJPR. Such statements have only been validated by the string of high profile
Deloitte Cyber Risk Services is offering cyber incident response “war gaming” simulations as a type of stress test for client organizations to better prepare them in case of a cyber disaster.
CNA Hardy has completely overhauled their cyber offerings because “the cyber market is now unrecognizable from 15 years ago.”
