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A report from Corvus found ransomware activity increased 21% in the first quarter of 2024 from the year prior.

This period marks a turning point for commercial property coverage, with easing and increasingly flexible options available to buyers.

Hacktivist groups and an increase in DNS water torture attacks drove a significant spike in DDoS attacks in 2023's second half.

Overall cyber claims frequency increased 13% in 2023, while claims severity increased 10%, according to Coalition, Inc.

The average coverage gap was 350%, meaning more than three-quarters of the cyberattack was not covered.

AI-based monitoring programs may prevent or mitigate the losses facing cyber insurers and policyholders in the coming years.

Higher costs for live events coupled with risk-averse consumers mean ticketing platforms are eager for insurance partners.

Insurers now issue stricter policy language and insert more sub-limits and exclusions into cyber coverage.