by Kelli Young | Dec 20, 2021 | Cyber Liability Insurance
Ransomware Insurance Claims Rise Ransomware represented the number one cause of loss in a study of almost 6,000 cyber insurance claims, with the average ransom rising to $247,000 and the average incident cost up to $352,000 in 2020. NetDiligence’s 11th annual cyber...
by Kelli Young | Dec 13, 2021 | Cyber Liability Insurance
Directors and officers (D&O) losses stemming from data breaches should be a top-of-mind concern for an organization’s C-suite and board. Although proving harm in these cases can be difficult, defense costs are expensive, and not all allegations are unsuccessful....
by Kelli Young | Dec 6, 2021 | Case Study, Cyber Liability Insurance
In October 2020, the University of Vermont (UVM) Health Network—a six-hospital health care organization that serves over 1 million patients throughout Vermont and upstate New York—discovered that its systems had been compromised by cybercriminals in a ransomware...
by Kelli Young | Dec 1, 2021 | Consumer Tips
Celebrating Holidays Safely During the COVID-19 Pandemic Holiday traditions are important for many families, and we’re about to enter the second holiday season during the pandemic. Recently, the Centers for Disease Control and Prevention (CDC) released...
by Kelli Young | Nov 22, 2021 | Hard Market
From an insurance buyer’s perspective, it can sometimes feel as if premium prices change on a whim. But the truth is, the insurance market is cyclical in nature, fluctuating between soft and hard insurance markets: Soft markets—A soft market, which is sometimes called...
