Professional liability claims and coverage is evolving, according to Steve Whelan, director of management/professional liability product development for ISO. With increasing cyberattacks, comes coverage for ransomware and even blended coverage with other lines. Among other trends, healthcare claims are expected …
Home Depot Inc., the largest home- improvement chain, confirmed that hackers infiltrated its computer systems at stores in the U.S. and Canada. While payment systems were breached, there is no evidence that debit-card PINs have been compromised, the company said …
To meet the rapidly growing demand for cyber insurance in the US and Canada, XL Group’s Global Professional unit has established a North America Cyber & Technology Risk business unit. The company previously provided cyber and technology errors and omissions …
New technologies are flooding into the healthcare world, but the industry is not adequately prepared to protect patients from data breaches, according to a report published Thursday. A vast majority of hospitals, doctors, pharmacies and insurers are eager to adapt …
Sony Corp. believes it was targeted by hackers because it tried to protect its intellectual property, CEO Howard Stringer told a shareholders’ meeting at which he sidestepped a call for him to step down over the incident. Sony has been …
Demand for cyberinsurance was rising even before the most recent highly-publicized parade of breaches at major corporations and organizations. After the news of the first major Sony hack but before the subsequent reports involving Sony, Citicorp, the International Monetary Fund …
Major U.S. banks came under growing pressure from banking regulators to improve the security of customer accounts after Citigroup Inc. became the latest high-profile victim of a cyber attack. While Citigroup insisted the breach had been limited, experts called it …
Citigroup Inc. said computer hackers breached the bank’s network and accessed the data of about 200,000 bank card holders in North America, the latest of a string of cyber attacks on high-profile companies. Citi said the names of customers, account …