cyber insurers

Cyber Insurers are Raising Premiums and Lowering Coverage Limits

Business people discussion and negotiating investment housing estate with sign a contract term loan facility in office. contract and agreement concept.

The insurance industry has slowed cyber coverage despite rising demand, owing to concerns about the COVID-19 pandemic and the increasing severity and frequency of ransomware attacks. Carriers are raising premiums – some by as much as 300% at renewal – and reducing coverage limits in sectors that have been struck the worst by cyber crime …

Read more