Although information security and cyber-risk management is recognized as an enterprise-wide responsibility by many organizations, the information technology department still is seen as the front-line defense against information losses and other cyber-liability risks, according to an industry survey.

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State Auto Financial Corporation says it expects between $60 million and $63 million in third-quarter catastrophe losses.

There are little signs that the surplus-lines marketplace is turning, says Mario Vitale of Aspen U.S. Insurance.