25 04, 2022

Cyber Incident Reporting Act is a Milestone for Transparency in Cyber Insurance

By |2022-04-25T11:36:25-05:00April 25, 2022|@PLUS, Cyber, Guest Blog, PL Insurance|0 Comments

Eva Kwan is Director of Claims at At-Bay, the cyber insurance provider for the digital age. Eva works with insured businesses to execute litigation and settlement strategies. Previously, she was the Regional Head of Cyber, Media, and Technology claims for Allianz Global Corporate & Specialty North America. Kwan began her in-house insurance career with a Lloyd's specialist insurer, where she handled cyber, media, and technology claims and became Assistant VP of Claims. On March 15, 2022, President Joe Biden signed into law the Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA), which created new rules and requirements for businesses that [...]

28 03, 2022

Cyber Risk has Everyone’s Attention    

By |2022-03-28T09:39:26-05:00March 28, 2022|@PLUS, Cyber, PL Insurance|0 Comments

Danielle Roth is Head of Cyber and Technology Claims for AXA XL, a division of global insurer AXA. After a number of significant cyber incidents and software vulnerabilities made headlines in 2020 and 2021, cyber risk, and all its potential connected liabilities, has everyone’s attention.  Federal and state regulators are requiring more attention be paid to it: In May 2021, for instance, President Biden signed an executive order establishing baseline cybersecurity standards for U.S. agencies and software contractors, mandating multifactor authentication, endpoint detection and response, data encryption, a skilled internal security team, among other best practices. Anne Neuberger, cybersecurity adviser at [...]

28 02, 2022

2022 Cyber Market Observations—A Carrier Perspective

By |2022-02-28T13:03:56-06:00February 28, 2022|@PLUS, Cyber, Guest Blog, PL Insurance|0 Comments

Steve Krusko is the Chief Underwriting Officer for Berkley Cyber Risk Solutions, a wholly owned operating company of W. R. Berkley Corporation. He is responsible for setting strategies, underwriting guidelines, broker appointments and ensuring the profitability of all cyber insurance products underwritten within Berkley Cyber Risk Solutions. The expectation for the first half of 2022 appears to be a continuation of 2021 as insurance carriers continue to adjust their portfolios to improve underwriting results and brokers look for solutions to meet their clients’ needs.  This will present both challenges and opportunities as the Cyber Insurance ecosystem adjusts to a long-term [...]

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