Keyword
cyber
How to sell cyber
February 2, 2020 Jason Contant, Online EditorJames Burns, cyber product leader with CFC Underwriting, shares his insights on what the industry needs to do to sell more cyber insurance policies. cu | How do successful brokers sell cyber insurance? They make cyber products relevant to the…
Could a politician’s tweet void your cyber coverage?
January 31, 2020 by Greg MeckbachIf you are placing commercial cyber coverage, pay attention to what the various insurers’ policies say about war and terrorism, a commercial broker advises. “I would not say it’s an obscure little corner of your insurance policy,” Tom Srail, executive…
Is the ‘awesome time’ for cyber clients coming to an end?
January 30, 2020 by Greg MeckbachRisk managers accustomed to a buyer’s market for commercial cyber insurance might discover soon the party is over. “We are starting to see rates harden,” Lindsey Nelson, U.K. and International Cyber Team Leader for CFC Underwriting, said Thursday. She was…
How insurers will make their cyber products better in the future
January 23, 2020 by Jason ContantCyber insurers need to get a firmer handle on cyber claims response to be able to add value to their policies, a specialist insurer said recently. James Burns, cyber product leader with London, U.K.-based CFC Underwriting, said that the industry…
Why even cyber policies might not cover cyber losses
December 13, 2019 by Jason ContantPolicies that don’t specifically include or exclude cyber losses (“silent cyber”) have long been a concern of insurers, but you’d think a data breach loss would be covered by a cyber policy, right? Not always. The devil is sometimes in…
How Marsh sees the broker role evolving around cyber insurance
December 11, 2019 by Jason ContantBrokers are finding they have to educate themselves more on the legal and technical side of cyber rather than on the cyber insurance policy itself, a speaker said recently at Insurance Bureau of Canada’s Commercial Insurance Symposium. “What we’ve noticed…
The home insurance coverage your clients don’t know about
November 27, 2019 by Greg MeckbachMost home insurance clients don’t know they could be covered for identity theft, Top Broker Summit attendees heard Monday. “On the personal lines side, there have been a number of companies in Canada that have offered identity theft coverage for…
What industries are being hit harder than others in this market?
November 20, 2019 by Adam MalikBeing a commercial broker in today’s environment is presenting unique challenges as some markets are feeling the effects of a difficult cycle more than others, says one broking leader. The current market isn’t a hard one in a traditional sense,…
Bank of Canada official urges re-think of cyber regulations
November 14, 2019 David Paddon - THE CANADIAN PRESSTORONTO – Government bodies and the private sector need more ways to share information about cybersecurity threats, and that may require new regulations or legislation, a Bank of Canada official said Tuesday. Filipe Dinis, the central bank’s chief operating officer,…
How to explore the forgotten realm of personal cyber coverage
October 9, 2019 by Jason ContantTrying to think of a new way to broach that cyber insurance discussion with your clients? Why not highlight identity theft and fraud coverage for your personal lines clients, suggests a new research paper from the Insurance Institute of Canada.…
Payouts from insurance policies may fuel ransomware attacks
September 20, 2019 Kathleen Foody - THE ASSOCIATED PRESSCHICAGO – The call came on a Saturday in July delivering grim news: Many of the computer systems serving the government of LaPorte County, Indiana, had been taken hostage with ransomware. The hackers demanded $250,000. No way, thought County Commission…
Scheer promises to create ‘Canada Cyber Safe’ certification for digital
September 9, 2019 Giuseppe Valiante - THE CANADIAN PRESSMONTREAL – Conservative party Leader Andrew Scheer is trying to reassure Canadians that if elected, his government would better protect their personal information following recent high-profile security breaches at major corporations that compromised the data of millions of Canadians. A…