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Emerging Risks
PFAS, AI liability and what is next.
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CFC adds executive protection, AI cover to cyber policy
1+ day, 11+ hour ago (502+ words) CFC has updated its Cyber Proactive Response (CPR) policy to cover senior executives personally targeted in cyberattacks, add affirmative wording for AI-related exposures and extend the business interruption indemnity period from 12 to 18 months. The changes apply to CPR, the cyber…...
Closing Cyber-Insurance Gap: Cowbell CEO, Founder & Chairman Jack Kudale, Live at Nasdaq
2+ day, 5+ hour ago (205+ words) Tech Edge hosted a fireside chat at Nasdaq MarketSite on Oct. 5 with Jack Kudale, Chief Executive Officer, Founder and Chairman of Cowbell. The in-person interview was joined by Editor-in-Chief John Jannarone and they discussed: How Cowbell's focus is closing the…...
Dimon says AI cyber risk is up tenfold. Cyber insurance prices are still falling
2+ day, 10+ hour ago (718+ words) Image: Jamie Dimon, World Economic ForumThis file is licensed under the Creative Commons Attribution-Share Alike 2.0 Generic license. Jamie Dimon has been sounding the alarm about Anthropic's Mythos model since the spring. Earlier today he put a number on it. In…...
Outmarket AI Raises $34.5 Million Series B, Bringing Total Funding To $56.5 Million
2+ day, 22+ hour ago (205+ words) Outmarket AI has raised $34.5 million in Series B funding to expand its AI platform for insurance agencies and carriers. SignalFire led the round, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The financing comes only…...
What it takes to make an SME insurance-ready for cyber
2+ day, 20+ hour ago (1107+ words) Insurance Business 00:00:00 We've completely turned the industry on its head. It's ground-breaking. There is nothing that I've seen at the moment on the market. >> Hello and welcome to Insurance Business TV. I'm Danny Wood, [music] news editor with Insurance Business....
SME cyber risk misread leaves UK brokers facing an uphill sale
2+ day, 17+ hour ago (325+ words) Nearly four in ten UK SMEs without cyber insurance believe they face a low risk of attack. The same survey found that 29% of those businesses had already experienced one. "Attackers don't check headcount before they send a phishing email," said…...
Life sciences risk is shifting and coverage may not follow
3+ day, 9+ hour ago (341+ words) A gene therapy priced at US$3.5 million, delivered once, is expected to replace decades of treatment. The clinical case is straightforward. The insurance case is not. For those placing life sciences risks, the report identifies a structural problem already arriving…...
AI Could Trigger Rating Downgrades in High-Risk Sectors, Insurance Insulated
3+ day, 6+ hour ago (801+ words) Artificial intelligence presents a material credit downgrade risk for issuers in a relatively small group of sectors under adverse conditions, according to Fitch Ratings. Most issuers and transactions would avoid broad rating changes under the scenarios tested. The agency modeled…...
Cyber risk never sleeps - neither should cyber protection
3+ day, 15+ hour ago (738+ words) Cybercrime is a constant and unyielding threat for businesses, with the average cost of a data breach in the US now sitting at a record $10.22 million - the highest globally. For smaller businesses, the risk is even greater. Despite the fact…...