In this fictional scenario, a fast-growing beverage company’s dream acquisition turns into a nightmare when a cyber attack cripples its operations and exposes the devastating consequences of an untested business continuity plan.
Average rate increases ease to 2.8% from first quarter’s 3% rise, with commercial property insurance showing improvement, according to Novatae’s Market Barometer.
U.S. cyber insurance premiums fell 2.3% to $7.075 billion in 2024 as pricing cuts reshape market dynamics while demand remains steady, AM Best reports.
Favorable conditions persist for buyers despite rising attack frequency, with middle market companies facing greatest vulnerability, according to Aon report.
A shortage of skilled cybersecurity professionals is exposing businesses to rising risks—and reshaping how insurers assess, price, and respond to cyber threats.
Marathon Strategies report reveals 52% increase in multi-million dollar awards, even as several states pursue legislative reforms to curb rising liability.