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This period marks a turning point for commercial property coverage, with easing and increasingly flexible options available to buyers.
Despite pleas from the feds not to pay, UnitedHealth admitted it paid threat actors to "protect patient data."
Hacktivist groups and an increase in DNS water torture attacks drove a significant spike in DDoS attacks in 2023's second half.
Overall cyber claims frequency increased 13% in 2023, while claims severity increased 10%, according to Coalition, Inc.
Insurance industry news from MassMutual, Swiss Re, MS Amlin and more featured in weekly update.
The average coverage gap was 350%, meaning more than three-quarters of the cyberattack was not covered.
AI-based monitoring programs may prevent or mitigate the losses facing cyber insurers and policyholders in the coming years.
Insurance technology news from Mulberri, Matic, Struction Solutions and more.
Higher costs for live events coupled with risk-averse consumers mean ticketing platforms are eager for insurance partners.
Several years of data has emerged showing risk and loss patterns, making marijuana business policies easier to price competitively.
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