E&S/Specialty

Specialty insurer Hiscox says it will add a new Cyber Crime protection endorsement to its Technology Privacy Cyber portfolio, providing protection against exposures related to cyber-crime connected to business bank accounts.

While both public and private educational institutions face many of the same types of claims, the climate is arguably more hazardous for private institutionswhich dont enjoy the liability protections afforded to government entities in many states.

Over the years, schools have conducted endless fire drills, tornado drills and even in the heyday of nuclear threatduck and cover bomb drills in an ongoing effort to make the learning environment safer. Today, in the wake of school shootings, a growing number of schools are conducting active shooter drills...

Heres your first lesson: For the most part, the market for insurance cover for educational institutions is not wholly hardening. Rather, according to those who operate in it, the word that best describes the state of this market is stabilizing.

While recent natural catastrophes have highlighted the risks weather poses to a companys supply chain, technology failure and cyber attacks represent an even greater threat that many companies overlook, a new report says.

Widespread panic due to solar flares and satellite collisions is no longer the stuff of science-fiction now that theses real risks have the potential to create prolonged business interruption and billions in insured losses.