The cyber threat is big, growing fast. That’s the scary news. The good news is cyber insurance is taking off with most stand-alone policies paying out.
GDPR laws on privacy allow for fines of up to 4 percent of global revenue for data breaches, which could cost Facebook $2.2 billion and Google $5.4 billion.
The manufacturing industry has unique cyber exposures, and this risk manager knows it’s important to stay on top of the sector’s rapidly changing use of technology.
From traditional risks like safety and oil volatility to emerging exposures like climate change litigation, here are the top risks facing the sector today.
With Chinese and Iranian hackers launching aggressive new attacks on businesses and government agencies in the U.S., there are obvious business interruption and data security concerns.
Justin Corrado, Vice President, Marsh Marsh’s Justin Corrado recently helped a global shipping and logistics company place its first — and incredibly complex — cyber program. “No standard canned off-the-shelf policy would fit our needs,” said the company’s global risk and insurance manager. Together with Corrado, they built a robust and groundbreaking program. Corrado helped… View Article
A recent Beecher Carlson report highlights potential coverage gaps related to connected medical devices, helping organizations avoid unpleasant surprises.
The regulatory landscape is changing. Insurance companies need to be on top of these key trends if they want to continue to build successful risk strategies.