Cyber insurance market encounters ‘crisis moment’ as ransomware costs pile up
The woes within the industry could mean significant ramifications for policyholders.
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AIG
Two cyber insurance industry initiatives grapple with rise of ransomware
CyberAcuView and the APCIA are two different answers to a phenomenon rocking the cyber insurance industry.
AIG must cover client’s $5.9 million in cyber-related losses, judge rules
AIG had cited multiple clauses in its policy to argue against paying, though the court ruled the tactic did not count as "bad faith."
AIG subsidiary tells court it’s not responsible for Landry’s legal costs in $20 million lawsuit filed after breach
The dispute comes amid a period of ongoing scrutiny over what kinds of breach-related costs are insured.
Norsk Hydro’s cyber insurance has paid just a fraction of its breach-related losses so far
Payments are likely to continue as costs add up, the Norwegian company said in an earnings report.
Why are cyber insurers incentivizing clients to invest in specific vendors?
Insurers are exploring cybersecurity as an area with growth potential.
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AIG says spoofing-related suit isn’t covered, wants lawsuit tossed
It's the latest dispute between an insurer and client over whether a plan can cover losses incurred by online fraud.
Fitch: Cybersecurity insurance market crossed billion-dollar earnings mark in 2016
Insurers earned $1.35 billion from cyber insurance premiums last year, a 35 percent increase over the year before, according to new figures from the ratings agency Fitch.