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Key Takeaways: The Cyber Insurance market remains highly competitive, with stable pricing and abundant capacity, though underwriting scrutiny is increasing for certain industries and higher-risk accounts. AI is making cyberattacks more scalable and difficult to detect while creating new liability and coverage considerations across multiple lines of business. Privacy litigation is increasing as AI makes it easier to identify…
AI can help organizations detect threats faster, but it is also helping cybercriminals operate at scale. In this clip from our recent Cyber Insurance webinar, Michael Spinks, Head of SME Cyber, US at CFC, explores both sides of AI\'s growing impact on the cyber insurance market. https://vimeo.com/1225974037/ae22a48498?fl=ip&fe=ec&share=copy
AI is creating new opportunities for businesses, but it is also raising important coverage questions. In this excerpt from our Cyber Insurance webinar, Erica Rangel, Associate Managing Director, Broker, Professional Liability, Burns & Wilcox, Chicago, IL, explains how insurers are addressing AI-related risks and what brokers and insureds should look for when reviewing coverage. https://vimeo.com/1225986506/84692fd970?fl=ip&fe=ec&share=copy
Businesses have access to more cybersecurity tools than ever before. So, what separates those that are better prepared for cyber incidents? In this clip from our recent Cyber Insurance webinar, Joey Franiak, Broker, Professional Liability, Burns & Wilcox, San Diego, CA shares his perspective. https://vimeo.com/1225985599/a3bcd8affa?fl=ip&fe=ec&share=copy
AI is making cyberattacks more convincing, more scalable, and potentially more costly. At the same time, insurers are evaluating how coverage should respond. In our recent webinar, Cyber Insurance experts discussed: Market trends, including rates, capacity, and carrier expectations How AI is reshaping cyber, professional liability, and coverage exposures Risk management and coverage strategies to help clients navigate emerging cyber and…
Inside This Article: Claude AI models recently gained unauthorized access to three outside organizations’ systems during cybersecurity evaluations, according to Anthropic. Anthropic uncovered the incidents during a review of 141,006 evaluation runs and said two affected organizations had not detected the breach before being notified. Cyber & Privacy Liability Insurance and Technology Errors & Omissions (E&O) Insurance may respond to losses involving…
Inside This Article: Demand for senior care is rising as the number of older adults grows. Recent data shows that senior care claims are becoming more costly and taking longer to resolve. Professional Liability Insurance and Commercial General Liability (CGL) Insurance can respond to claims involving resident injuries and other incidents. Proactive risk management and working with a specialized insurance broker can help…
Key Takeaways  Rate trends are diverging across the Property & Casualty (P&C) marketplace, with rapidly decelerating Property pricing and continued moderation in most Liability lines. Property market conditions continue to improve, supported by recent mild catastrophe activity and favorable outcomes from the July 1 reinsurance renewals, although pricing and capacity remain highly sensitive to regional weather patterns and future catastrophic events. …