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A report said that many Australian companies are at risk of becoming uninsurable in the absence of adequate cyber risk mitigation measures, as insurers become stricter in underwriting cyber risks amid increasing cyber attacks and soaring costs, SmartCompany reported. The report by Australian firm Pitcher Partners Advisors Proprietary Ltd. said that business leaders also lack the understanding of coverage that their cyber insurance policies provide.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees