Marriott data breach costly despite cybersecurity insurance coverage

Marriott data breach - Marriott Hotel

The massive hotel chain’s cyberattack could affect as many as 500 million of its customers. The Marriott data breach is now believed to affect as many as 500 million of its customers. The hotel giant is protected by cybersecurity insurance, but the cost of the cyberattack’s cost could be in the billions over coming years. These types of mega-breaches are becoming more commonplace and more costly all around. Based on data from other similarly sized breaches, the Marriott data breach will come with a multi-billion dollar price tag over the…

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Professional Liability Insurance Services Announces its New Bedbug Coverage

The Underwriting Facilities of Professional Liability Insurance Services, Inc. announced that as of the start of June, it is offering an insurance coverage to lodging facilities for business interruption and extra expenses that result from infestations of bedbugs. According to the insurer, it is the first firm to offer this type of coverage. The features of its policy include the following: Expenses of up to $5,000 (no co-insurance applies) related to decontamination of the affected room(s) of the lodging, as well as the room(s) that are immediately adjacent. After the…

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