Q: What are your predictions for the cyber insurance industry? Logan expects to policy rates and coverage restrictions to increase for the next six months before stabilization will occur. “When I say stabilization, that means we’ll see it flatten out. I don’t believe we’re going to see...
The cyber insurance industry is likely to go mainstream and is a simple cost of doing business. Here are a few options to consider.
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As the cyber insurance market is expanding and cyber insurance policies continue to mature, the potential of including pre-incident and post-incident servi
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Another side effect of robust security is that if you can demonstrate that you have a strong security posture, you might get better rates when you start looking into cyber insurance. Much like having a smoke alarm makes it less likely that a fire will spread and burn down your house, imple...
more insurance companies have started to offer coverage for cybersecurity incidents such as ransomware attacks and data breaches. According to a new report from London-based Howden Insurance, the lower rates are also partly tied to better cyber hygiene overall among a growing number of insured organ...
Rates per million (RPMs) have remained stable. Premium increases have been linked to inflation, in contrast to the previous three years when we saw a very aggressive re-underwriting of all the carriers. Coverage Considerations Underwriters are requesting more detailed information and concentrating on ...
February 18, 2022 Local governments should refrain from raising property taxes and lawmakers need to invest more to guard against ever-increasing cybersecurity attacks, North Dakota Gov. Doug Burgum said Feb. 16 in his State of the State speech. “The state of our state … ...