article thumbnail

Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage

Insurance Journal

Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a cyber insurance industry not known for …

Cyber 299
article thumbnail

Zurich, Marsh McLennan Call for Public Partnerships Close Cyber Gaps

Insurance Journal

A new report from Marsh McLennan and Zurich titled “Closing the cyber risk protection gap” is calling for a closer collaboration between the insurance industry and the public sector as cyber insurance coverage gaps remain. “Both the insurance industry and …

Cyber 241
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Markets/Coverages: CFC Says New Cyber Product Includes 2 Industry Firsts

Insurance Journal

Specialist insurer CFC announced a new cyber product Cyber Proactive Response (CPR) aimed at businesses with revenues up to $250 million. CFC said the new product includes two firsts for the cyber insurance industry. Policyholders will not only …

Cyber 130
article thumbnail

Top South Central Region Insurance Journal Stories of 2024

Insurance Journal

Readers of Insurance Journal were drawn to South Central headlines detailing the complexities facing the insurance industry, from legal and regulatory issues to the evolving landscape of cyber threats and natural disasters. Other popular topics include insurance fraud and unscrupulous …

Cyber 264
article thumbnail

What Your Clients Must Know About Cyber Insurance War Exclusions

ProWriters

As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. However, Russian-sponsored cyber operations against Ukraine have continued. It isn’t.

Cyber 53
article thumbnail

Celebrating 24 years of service to the general insurance industry

Prof. Allan Manning

A number of pre loss services are also provided by the LMI Group, including Business Interruption Sum Insured Reviews, Policy Drafting, Insurance Program Reviews, Risk Surveys, and Risk Engineering Services along with Business Continuity Management Services, and Cyber Security Reviews.

article thumbnail

AI Used for Good and Bad — Like Making Trickier Malware, Says Report

Insurance Journal

While the insurance industry is quickly adopting AI technologies to improve the speed and accuracy of routine functions, analyze data and assess risk, malicious actors use the same tech to disrupt business and profit from cyberattacks. Recognizing the potential exposure …