Cyber Risk Gets Real, Demands New Approaches

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With the cyber risk environment worsening significantly, a recent A.M. Best report says, “prospects for the U.S. cyber insurance market are grim.” The recent proliferation of ransomware attacks leading to business interruption and other related hazards has caused cyber insurance – which began as a diversifying, secondary line – to become a primary component of […]

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Insurance News: Climate, cyber and self-driving car rules

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As the world emerges from the COVID-19 pandemic, the insurance industry will not be going back to business as usual. Rather, insurers are going forward to face new risks and new rules.  In this month’s Insurance News Analysis, Abbey Compton and I talk about moves by the U.S. and U.K. governments that insurers will want to watch.   President Joe Biden issued two executive orders. One mandates the creation of a climate-risk… […]

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