Live Insurance News

Cyber insurance protection availability is growing

May 1, 2014April 28, 2014 Julie Campbell

A rising number of insurers, now including AIG, are offering this coverage as businesses boost their demand. At a time in which the headlines involving businesses that have undergone data breaches and other digital attacks are becoming a regular occurrence, American International Group (AIG) has now announced that it will be joining the growing number of insurers that are offering cyber insurance protection. This policy from AIG will be providing coverage to businesses against illegal hacking. The cyber insurance policy will not, in this case, provide any protection against physical…

Cyber insurance gains a boost after high profile attacks

April 2, 2014March 31, 2014 Logan B.

High profile attacks in 2013 draw more attention to cyber protection The attack against Target during the 2013 holiday season had dealt a powerful blow to the retailer, but it served as an opportunity for insurance companies that offer protection against such attacks. The attack against Target highlighted the dangers that exist in the digital world and the fact that even large companies have blind spots when it comes to matters of security. Cyber insurance can provide a safety net in the event of such attacks, and the high profile…

Cyber liability insurance interest spikes following major data breaches

February 20, 2014February 25, 2014 Julie Campbell

Recent news headlines from large trusted companies such as Target and Kickstarter have caused serious worry. With a steady stream of data breaches at major corporations continually making recent news, the need for cyber liability insurance has become much clearer and companies are starting to take action by buying at a higher rate than they have done in the recent past. Businesses are starting to realize that nobody is really safe against a determined online criminal. Target recently revealed that hackers had broken into their files and had stolen the…

Cyber insurance sales boom in Ireland

January 29, 2014January 27, 2014 Marc

Businesses are beginning to look to insurance in order to protect themselves from digital threats Cyber insurance policies are beginning to gain more attention as hackers begin focusing more heavily on businesses with lackluster protection in place. Hackers have been taking advantage of businesses for several years and businesses have often failed to keep up with the pace at which security software as well as hacking techniques have advanced. As such, insurance protection is becoming vital to the longevity of business large and small. In Ireland, the sale of cyber…

Cyber insurance now available from Chubb

August 30, 2013August 27, 2013 Julie Campbell

The company has acknowledged the growing need for coverage and is now selling to business customers. If there is anything that can be agreed upon by virtually every business that uses a computer (are there any out there that don’t have at least one?), it is that the threat of a data breach or of being hacked and having information is high, and that cyber insurance could provide some protection. With this knowledge, and the increasing popularity of the coverage, Chubb has jumped on the bandwagon and is selling. Data…