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A report found that cyber insurance covered only 18% of businesses across the world for all cyber risks, CPO Magazine reported. The report by France-based consultancy firm Capgemini S.E. and fintech association Efma found that insurers tend to lag behind while providing comprehensive cyber insurance and covering emerging threats.
1. Toyota faces $2 billion class-action lawsuit over alleged vehicle faults
2. Shrinking property reinsurance capacity to drive up rates in 2023
3. Cyber insurance rates continue to surge while coverage shrinks
4. Robbers steal 20 containers containing gold, silver from port
6. Insurance claims for jets stuck in Russia could exceed 9/11 claims level