Insurance Journal

NOVEMBER 6, 2024

Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyberattacks. Called CyNuC, the malicious act cyber insurance policy was developed specifically by Chaucer’s Lloyd’s Syndicate 1176 in conjunction with the insurer’s …

Cyber 245

Cyber Insurance Policy Insured Insurance 245

ProWriters

FEBRUARY 23, 2025

As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. But these policies may not always offer the levels of protection purchasers think they do. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. It isn’t.

Cyber 53

Cyber Insured Insurance Insurer 53

ProWriters

FEBRUARY 7, 2025

Cyber attacks loom larger than ever, and generative artificial intelligence (AI) is a major reason why. At the same time, AI makes improved risk assessment and protection against cyber threats possible. For both of these reasons, artificial intelligence is reshaping cyber security strategiesincluding Cyber Liability policies.

Cyber 53

Cyber Broker-Agent Broker Liability 53

ProWriters

APRIL 2, 2025

When you think about the constantly evolving nature of cyber attacks , you may think about threat actors using AI to find and exploit new vulnerabilities in software and networks. Yet one recent cyber threat takes advantage of peoples trust in the post office. Many people perceive physical mail as more trustworthy than cyber mail.

Cyber 53

Cyber Financial Loss Broker Theft 53

Insurance Journal

FEBRUARY 19, 2025

CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies. Initially available for CFC’s cyber products, US brokers can now bulk quote their entire book …

Broker 140

Broker Cyber Broker-Agent Liability 140

Cowbell

FEBRUARY 6, 2025

As cyber threats become more advanceddriven by AI innovations and intensified by geopolitical tensionsorganizations of all sizes must rethink how they protect themselves. At Cowbell, weve long believed that prevention is better than cure , and we strive to deliver more than just an insurance policy to fall back on.

Policyholder 52

Policyholder Cyber Broker Risk 52

ProWriters

SEPTEMBER 1, 2024

Cyber threats continue to challenge individuals, countries, and companies in today’s digitally interconnected world. Have your business clients assessed their cyber risk recently and obtained adequate Cyber Liability Insurance? And some of these conflicts pose cyber security threats.

Cyber 97

Cyber Liability Insurance Risk Liability 97

Zywave

NOVEMBER 13, 2024

Within the next decade the cyber insurance market is projected to grow to over $120 billion according to a report by Fortune Business Insights. That means there’s a lot of opportunity for insurers who are looking to either grow their cyber business or expand into the cyber market. But with growth opportunities comes risk.

Cyber 97

Cyber Policyholder Insured Insurance 97

ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

Insurance Broker 86

Insurance Broker Cyber Broker Protection 86

Distinguished

APRIL 21, 2025

NEW YORK — Distinguished Programs (Distinguished), a leading national insurance program administrator, announced the launch of a Business Owners Policy (BOP) for restaurants. With the Broker Connect portal, brokers can submit BOP business at any time, streamlining the process for greater speed and convenience.

Policy 45

Policy Business Owners Policy Broker Liability 45

LexisNexis

APRIL 15, 2025

Threat actors are increasingly leveraging AI to launch more sophisticated and adaptive cyber attacks, such as crafting highly convincing phishing emails, evading detection systems and automating exploits at an unprecedented scale, writes Matt White and Alex Koskey, shareholders at Baker Donelson, in a recent Law360 Expert Analysis column.

Cyber 99

Cyber Policy Protection Risk 99

ProWriters

NOVEMBER 12, 2024

Healthcare cyber attacks and data breaches have risen in recent years, according to The HIPAA Journal. Both the Ascension ransomware attack and Change Healthcare data breach illustrate the consequences healthcare cyber attacks can have for patients and the organizations responsible for protecting their data.

Cyber 87

Cyber Liability Insurance Protection Liability 87

ProWriters

NOVEMBER 17, 2024

As a Cyber Insurance broker, you need to help your business clients understand the dangers ransomware poses, how to defend against them, and why Cyber Insurance is an indispensable part of any sound security strategy. UnitedHealth, which owns Change Healthcare, paid a $22 million ransom in Bitcoin to the cyber criminals.

Cyber 83

Cyber Insured Insurance Insurer 83

Neilson Marketing Services

OCTOBER 2, 2024

Insurance professionals are prime targets for cybercriminals because they often store confidential personal information such as Social Security numbers, payment details, and policy data. In addition to protecting your data, secure hosting ensures your business operations continue uninterrupted — even in the face of growing cyber threats.

Cyber 104

Cyber Damage Protection Financial Loss 104

Cowbell

MARCH 30, 2025

New Products: Building on a Strong Foundation For five years, Cowbell has refined underwriting precision in cyber and established sweeping distribution channels. Our unparalleled broker network and data-driven approach forged in the cyber arena, now power this foray into new coverage lines.

Cyber 64

Cyber Underwriter Underwriting Policyholder 64

Top Insurance Blogs

OCTOBER 9, 2024

What do you look for in a cyber policy as a risk manager? What are some of the key factors to consider in a cyber risk assessment? appeared first on My Top Insurance Blogs.

Cyber 52

Cyber Policy Risk Insured 52

Cowbell

APRIL 16, 2025

Protecting your business from cyber threats is a full-time job. Cyber resiliency is not easily attainable and cannot be achieved with a single tool, such as endpoint detection. Q3: I have cyber insurance. A3: Cyber insurance is an essential safety net , but it doesnt prevent breaches. Why do I need this?

Cyber 52

Cyber Risk Premium Protection 52

Zywave

NOVEMBER 5, 2024

Increase your agency’s revenue and improve client satisfaction by delivering impactful cyber policies and premiums to your clients. Decreasing the time it takes to quote cyber insurance will allow your team to focus on scaling up your business revenue by writing more business.

Cyber 52

Cyber Premium Policy Insured 52

Insurance Journal

OCTOBER 16, 2024

The Pennsylvania Supreme Court has let stand a state appeals court ruling that tackled for the first time what is meant by “your computers” under electronic data coverage in a commercial property policy. The case involves claims by Bible video …

Commercial Property 274

Commercial Property Claim Commercial Policy 274

Mark Jackson Insurance Agency

MARCH 19, 2025

From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Your current insurance policies may not automatically extend to the new site, and additional coverage may be required. If customers, vendors, or visitors will be on-site, this policy is essential.

Workers Compensation 52

Workers Compensation Liability Property Damage Inland Marine Insurance 52

Insurance Journal

SEPTEMBER 26, 2024

Top Indian insurer Star Health has sued Telegram and a self-styled hacker after Reuters reported that the hacker was using chatbots on the messaging app to leak personal data and medical reports of policy holders. Star has received a temporary …

Policy 261

Policy Insured Insurance Insurer 261

Corvus

MAY 17, 2024

This roughly translates to a Business Owners Policy (BOP), a bundle of coverages that address common risks facing small and medium-sized businesses. A bundle approach may work for fruit, but when it comes to cyber risk, bite-sized coverage may not always be enough to keep small businesses protected.

Business Owners Policy 40

Business Owners Policy Cyber Policy Liability Insurance 40

ProWriters

NOVEMBER 30, 2024

High-profile incidents in healthcare, automobile retail, and even the cyber security industry itself cast a harsh spotlight on how vulnerable dependencies and connections between businesses are in today’s economy. Doing so can help assess their risk management strategies and the adequacy of their Cyber Insurance coverage.

Cyber 105

Cyber Protection Financial Loss Broker 105

Zywave

NOVEMBER 6, 2024

Data embedded into quoting workflow provides exclusive insights into coverage levels using industry data and loss profiles Leading insurtech provider Zywave today announced a first-of-its-kind enhancement to its Cyber Quoting solution with the addition of embedded benchmarking. Comprised of over 400,000 insurance programs incepted by U.S.

Cyber 52

Cyber Broker-Agent Broker Commercial 52

ProWriters

MAY 28, 2024

Contractors in the construction industry are not immune to cyber attacks. Ransomware attacks, phishing scams, and other types of cyber attacks can result in data breaches and other incidents that cause financial loss, reputational harm, and legal consequences. Cyber Insurance for contractors is an essential safety net.

Cyber 52

Cyber Business Interruption Insured Insurance 52

Distinguished

APRIL 9, 2025

Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. Here are just a few of the ways that MGAs and insurance brokers differ: Underwriting and policy issuance : Traditional brokers sell insurance policies but must go through an insurer to get coverage approved.

Agents 52

Agents Broker-Agent Broker Underwriter 52

Risk Management Monitor

JANUARY 27, 2022

As ransomware continues to spread and payment costs increase, cyber insurance rates have gone up exponentially. As a result, it is more important than ever for companies to understand their cyber vulnerabilities and exposures so they can ensure they are properly covered. One way to do this is through analytics.

Cyber 66

Cyber Underwriter Underwriting Risk 66

Jackson & Jackson

JANUARY 9, 2024

In an era where data is as valuable as currency, the risk of cyber threats looms more significant than ever, particularly for technology companies. Cyber Insurance, encompassing Data Breach and Cyber Liability coverage, is no longer optional but a critical component of a comprehensive risk management strategy.

Cyber 52

Cyber Broker-Agent Liability Insured 52

Protect Commercial Insurance

MAY 24, 2024

While you may have the basic insurance policies in place, such as property and general liability insurance, there are several other essential insurance policies that you might be overlooking. In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Hunton Andrews Kurth

MARCH 3, 2023

A recent settlement filed by the Federal Trade Commission (FTC) and GoodRx may merit a review of your cyber insurance coverages. A comprehensive cyber policy covers attorneys’ fees and costs associated with formal regulatory or administrative investigations, including any resulting in penalties or fines.

Cyber 52

Cyber Policyholder Policy Insured 52

Distinguished

NOVEMBER 26, 2024

Cyber Monday is the appointed day when people frantically shop online for the best deals in time for the holidays. According to Adobe’s yearly shopping insights report, retailers reported a whopping $12 billion in overall revenue on Cyber Monday versus Black Friday’s $9.8 billion in 2023. billion in 2023.

Cyber 52

Cyber Theft Insurance Policy Protection 52

Zywave

APRIL 11, 2025

Get millions of datapoints from the Commercial Policy Benchmark API to supplement and inform your benchmarking of your offering against competitors in Cyber, D&O, and many others. For Brokers: Surface benchmarking insights tied to specific customers or prospects.

Broker-Agent 52

Broker-Agent Broker Agents Cyber 52

ProWriters

FEBRUARY 19, 2024

The retail sector has seen a significant uptick in cyber threats, with ransomware attacks surging by 75% in 2022, according to Sophos. Retail Cyber Insurance protects your clients’ businesses from cyber threats, helping to maintain operational continuity, a seamless shopping experience, and customer trust.

Cyber 52

Cyber Insured Insurance Insurer 52

Zywave

DECEMBER 9, 2024

Many organizations dont have an effective cyber incident response plan in place. So, while a fundamental part of your role as a commercial insurance expert is helping your clients identify and purchase the cyber coverage thats right for their organization, theres more you can help them do. It’s time to check in with your clients.

Cyber 52

Cyber Building Commercial Commercial Insurance 52

ProWriters

JANUARY 23, 2024

Globally, only the manufacturing sector sees more cyber attacks than the financial industry does. The New York Department of Financial Services (NYDFS) established cyber security requirements for financial services companies in 2017. Since then, the cyber security landscape has changed. The newest changes went into effect Nov.

Cyber 52

Cyber Broker-Agent Protection Risk 52

Relation

OCTOBER 5, 2023

However, with the many benefits of a connected, online enterprise comes a slew of risks that traditional insurance packages, such as Business Owner’s Policy (BOP) Coverage Insurance, may not address.

Cyber 52

Cyber Insured Insurance Insurer 52

Jackson & Jackson

JANUARY 10, 2024

In California’s vibrant technology sector, understanding the scope of your Cyber Liability Insurance and Data Breach Coverage is as crucial as having the coverage itself. While these policies are essential in today’s digital landscape, knowing what they do not cover is vital for complete protection.

Liability Insurance 52

Liability Insurance Cyber Liability Property Damage 52