Marathon Strategies report reveals 52% increase in multi-million dollar awards, even as several states pursue legislative reforms to curb rising liability.

Medium-Sized Accounts Experience Largest Decrease While Third-Party Litigation Funding Impacts Casualty Lines, CIAB research finds.

AI is increasingly used by traders to make fast decisions and maximize profits, but the speed of these decisions and the lack of human oversight means that the ripple effects of just a few transactions can quickly amplify and send markets into a tailspin. 

A deeper dive into the 2020 AC Transit data breach demonstrates how organizations facing cyberattack can come back stronger, with resilience at the fore.

Overall, the market is moving on multiple fronts to improve sustainability, including enhancing underwriting practices and leveraging technology.

Despite claims severity remaining stable in 2024, proactive cyber security measures show a measurable impact in claims frequency: Coalition reports.

North America leads with $10.5 billion in cyber premiums as market stabilizes after period of significant rate increases, Guy Carpenter reports.

Globally, commercial lines rates drop 3% for third-consecutive quarter, ending seven-year streak of increases: Marsh.

Nearly half of U.S. states are developing AI governance laws, with compliance and risk management implications, according to Gallagher.

RISKWORLD attendees will learn how cyber risk and data privacy protection laws are evolving alongside these risks.

Technology choices and security controls directly impact an organization’s cybersecurity risks, At-Bay analysis shows.

As cyber threats evolve with AI and geopolitical tensions, insurers face unprecedented challenges in protecting organizations worldwide, Munich Re reports.

The cyber insurance market is evolving rapidly, balancing competitive pricing with rising threats. Businesses must stay proactive in managing cyber risks.

Some 60% of SMBs fear cyber threats while only 23% feel prepared against ransomware attacks, Coalition reports.

Ransomware attacks hit record highs while payments decline, signaling a strategic shift in cybercriminal tactics.

AM Best’s first survey of cyber insurers reveals challenges in risk modeling and balancing portfolios between small and large accounts.

Third-party vulnerabilities drive cyber insurance losses as ransomware and vendor outages dominate 2024 claims, Resilience reports.

Insureds have better defenses, but attackers are becoming more sophisticated too.

To significantly improve their cybersecurity posture, small businesses should focus on two simple but effective measures. First, they should implement MFA for all remote access points, including email systems and other critical applications. Second, they must ensure that their data backups are properly protected.

This year 6 brokers were selected as Cyber Power Brokers. An additional three were named as finalists.