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Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’
May 6 2024 // While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway’s head of insurance operations said aggregation and loss costs have kept the company away from the risk for...
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023
May 6 2024 // The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings...
Small Businesses See Stable Business Climate; Cite Cybersecurity as Top Threat
May 6 2024 // The first quarter Small Business Index, which measures small business owner confidence, is 62.3 – similar to last quarter’s score of 61.3 – reflecting a stable business climate. More small businesses see...
Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman
May 3 2024 // Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all,...
UnitedHealth Hack Put Data of One in Three Americans at Risk
May 2 2024 // UnitedHealth Group Inc. Chief Executive Officer Andrew Witty told lawmakers his company is still trying to determine why its computer systems were left vulnerable to hackers who perpetrated a devastating...
Markets/Coverages: Resilience Announces New Cyber Loss Prevention Tools; Amwins Forms New Transportation Entity; Aon Launches Suite of Risk Analyzer Tools
May 2 2024 // Resilience announced new integrated capabilities that enable enterprises to continuously monitor and prioritize their mitigation and transfer of cyber risk. Following the launch of Technology Errors and Omissions (E&O)...
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