Insurance is all about managing risk, whether it’s protecting property from fires, earthquakes or floods; vehicles from deer or close encounters with other cars; providing payment for injured workers; securing business interruption coverage for dozens of possible perils; or guarding against a major data breach.

Every day policyholders purchase insurance to protect them against the unexpected. The risks keep changing and so do the types of coverage required. Over the past year, the number of data breaches from either malware or hacking rose substantially according to Beazley, a provider of data breach response insurance. The Beazley Breach Response Services unit responded to 60 percent more data breaches in 2015 compared to the previous year, and the company says that 32 percent of all incidents in 2015 were caused by hacking or malware, compared to only 18 percent in 2014.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


The British Legal Awards (BLA) 2023Event

Celebrating achievement, excellence, and innovation in the legal profession in the UK.

Get More Information


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.