Here are two takeaways from the discussion: 1. every data breach, like every company, is different and 2. there is more gray than black-and-white in terms of how and when to respond. Continue reading
Two-thirds of corporate boards are very concerned about cyber security, but just 44% say they have made a decision on the topic, according to a board governance survey released Tuesday. Continue reading
Commercial property and casualty rates will continue to be soft during 2015 as other lines like commercial aviation and in some cases cyber coverage could show strength, according to a new report released Tuesday by Willis Group Holdings P.L.C. Continue reading
Major retailers should expect higher rates and retentions and lower coverage limits for their cyber insurance following several major data breaches since spring 2013, but much depends on persuading underwriters about the effectiveness of retailers’ cyber defenses. Continue reading
Claims severity and demand for liability insurance will increase as economic growth accelerates and because of technological, social and regulatory changes, according to a new report from Swiss Re. Continue reading
Consumers as well as commercial fleet managers are becoming more accepting of usage-based insurance (UBI) in which a telematics device is used to track driving behavior as safety and savings benefits appear to be trumping concerns over privacy. Continue reading
Bankers and U.S. officials have warned that cyber-terrorists will try to wreck the financial system’s computer networks. What they aren’t saying publicly is that taxpayers will probably have to cover much of the damage. Continue reading
The payment card industry’s regulatory organization has issued guidance to help merchants and others reduce credit card security risks. Continue reading
