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U.S. E & O Brokers Blog: cyber insurance

View the latest blog posts from U.S. E & O Brokers.

Every insurance company, agency and broker must guarantee client privacy and confidentiality. It is important for a variety of reasons. Insurance agents use a variety of personal information to determine coverage specifics. Agents handle information about an individual’s property and financial assets. READ MORE >>

Insurance agencies handle a very large quantity of extremely personal information. Formulating policies requires a lot of information from clients. This may include social security numbers, birth dates, addresses, financial statements, credit card information and other private materials. READ MORE >>

The recent ransomware attacks in more than 150 countries are likely to increase demand for related insurance protection as they reveal the widening scope of corporations’ cyber risk exposures. But Fitch Ratings says insurers should take a cautious approach to adding cyber exposures as there is considerable uncertainty in pricing and underwriting this risk. READ MORE >>

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