Login Register Subscribe
Current Issue

Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Data breach claims spike, especially for smaller and mid-sized firms

Reprints

U.K.-based specialty lines underwriter CFC Underwriting Ltd. says there has been a significant increase in insurance claims related to data breaches during the year, Computer Business Review reported. The company handled more than 400 claims on cyber-breach policies. Around 90% of the claims came from businesses that have less than £50 million ($62 million) in revenue, with a disproportionate number of claims being made by British firms. Privacy breaches and theft, or financial loss, were said to be the most common claims filed, followed by ransomware.

Read more.