The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it wore since the 2008 financial crisis.

Both Himes and an FBI agent called for international cybesecurity norms during a conference in New York.

The development of cyber insurance solutions presents a range of challenges, including specific challenges for those seeking to offer ILS solutions.

Police sources said more arrests are coming as part of a multiagency investigation into alleged insurance fraud by personal injury attorneys.