The cyber insurance market earned roughly $3.2 billion in premiums in 2021, according to the NAIC and S&P Global Market Intelligence.
The U.S. Court of Appeals for the 7th Circuit held that COVID did not cause "direct physical loss or damage to" property under business interruption policies.
A Q1 2022 report from Gallagher found that as cyber premiums have increased, policy limits have shrunk.
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