by Jeff Schermerhorn and Laurie Schwarz | December 29, 2015 | Cyber & Technology
From the risk, regulation, and insurance perspective of cyber, we review the key moments in 2015, while forecasting possible events in 2016. 2015: The year Cyber went mainstream. This holiday season when we sit down with family and friends and they ask about work and...
by Laurie Schwarz | December 22, 2015 | Cyber & Technology, Financial & Executive Risk, Uncategorized
Recently, the New York Department of Financial Services sent a letter to federal and state financial regulators outlining the potential for Financial Services Cyber Security Regulation requirements. The intent is for the proposed cyber security regulation to apply to...
by Ben Beeson | December 7, 2015 | Cyber & Technology
No doubt a few eyebrows were raised in the boardrooms of insurance companies and brokers globally following a briefing note released on Nov. 30 by security ratings agency AM Best. Quantifying cyber risk remains a major challenge to the industry but AM Best’s research...
by Elizabeth Ferguson | November 19, 2015 | Casualty, Construction, Cyber & Technology, Environment, Healthcare, Property, Real Estate, Workers' Compensation
Lockton has released its Fall 2015 P&C Market Update and the US property and casualty insurance market has seen competition continue to increase in a market characterized by excess capital, low interest rates, and slow economic growth. Most clients are benefitting...
by Ben Beeson | November 9, 2015 | Cyber & Technology
Why is the role of cyber insurance becoming more than simply a financial instrument to transfer risk? In my blog from last week, I set out the reasons for why cyber insurance demand is skyrocketing and will continue to do so. A risk transfer strategy as part of an...
by Ben Beeson | November 2, 2015 | Cyber & Technology
In a relatively short space of time, the attitude of Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs) toward cyber insurance has flipped 180 degrees. It used to be a major challenge for insurance brokers to engage IT department...
