Cybersecurity

As the frequency of cyber attacks reach epidemic proportion, cyber liability insurance has evolved in kind. Yet, many businesses still lack adequate protection.

Insurance agents provide a valuable service when they help their high-net-worth clients conduct comprehensive security assessments with these five key elements.

The core systems replacement cycle is speeding up. Twenty years ago, you might have to go through the implementation of a new core system once, maybe twice. Technology and the speed of business that it enables is changing that.

Fraud accounts for 5% to 10% of claims costs for U.S. and Canadian insurers.

N.Y. judge rules the losses a company suffered when an imposter tricked its accounts payable department into wiring money are covered by computer fraud provisions in its insurance policy.

There remains a sizable gray area around whether losses caused by a truly catastrophic cyber event would be covered and under what policy.