From the 2015 PLUS Cyber Liability Symposium (#PLUScyber), Kirstin Simonson of Travelers visits the PLUS Media Zone to discuss the internet of things and related, emerging risks.
From the 2015 PLUS webinar “The Rising Specter of Cyber Risks for Directors & Officers,” William Dougherty of Hays Companies looks at cyber coverage and how it has (and is) impacting other professional lines of coverage. For the very latest on privacy and data security issues join PLUS and hundreds of your insurance industry colleagues for the 2015 Cyber Liability Symposium on September 17 in Chicago. Sessions for this industry-leading event include: How to Sell Cyber Insurance to Different Industries Let’s Debate! Cyber Hot Topics (where attendees help pick the debate topics) Preparing for Cyber Armageddon (luncheon keynote by Rod Beckstrom) Emerging Cyber [...]
On Wednesday Reuters published an article on the Target Data Breach that included a look at how cyber liability insurance may help defray some of the breach expenses. From the article:Target said of the $61 million in expenses related to the breach during the quarter, $44 million were offset by an insurance payment, bringing the impact to $17 million.Mark Rasch, a former cyber crimes prosecutor who worked on some of the biggest U.S. payment card breach cases, said that it was too early to estimate how big the bill would be, but it would certainly be in the hundreds of millions [...]