As the frequency of cyber attacks reach epidemic proportion, cyber liability insurance has evolved in kind. Yet, many businesses still lack adequate protection.
Energy companies in some sectors have deferred asset maintenance and upgrades over the past several years, which has resulted in a rush of claims approaching billion-dollar losses.
Reverberations from Superstorm Sandy and the Costa Concordia disaster, as well as frequent movement among carriers both into and out of the segment, have shaped the face of the ocean marine insurance market for the past year.
Admiral has enhanced its oil and gas program through the addition of products and services that meet the unique needs of its client supplemental coverage to the general liability and inland marine products.