Insurance Business Magazine considers the question of whether a firm’s cyberinsurance will cover a breach at its vendor. The detail that matters for insurance brokers is not that a breach occurred – it is how. Ryan Specialty’s 2026 analysis of Dependent Business Interruption (Dependent BI) coverage puts the structural problem plainly: “Each of these events […]
The Crypto Times reports Revolut has confirmed that approximately 680 customers were affected in the customer-data disclosure incident: The 680 figure was first reported by the Financial Times, which described the group as “nearly 700.” A source close to the bank confirmed the number to City AM, which said Revolut had contacted all affected customers […]
TechTimes reports: Notification letters from a company called AssuranceAmerica began arriving in mailboxes on July 10 — and if one reached yours, you are among 6,998,886 people whose driver’s license numbers, insurance records, and in many cases Social Security numbers were stolen in a March cyberattack. The breach is the largest known exposure of Americans’ […]
WJAR reports: A data breach four months ago has Warwick-based Beacon Mutual Insurance notifying people whose personal information was compromised in the incident. A message on the company website states more than 131,000 people in Rhode Island are impacted. NBC 10 News has learned the number includes thousands of state workers. Files that were hacked included Social […]
Does it matter whether President Trump calls the situation with Iran a “war” or an “excursion” or something else if your company is hit by a cyberattack that may be in retaliation? The Wall Street Journal reports: From Europe to the Middle East, geopolitical conflicts have companies rereading the fine print on insurance policies that […]
From the Hunton Insurance Recovery Blog: In the rarely litigated space of cyber insurance, the Northern District of Texas issued a win for cyber policyholders this week, offering a clear reminder to insurers that if they want to restrict coverage, they must draft the policy to clearly do so. In CiCi Enterprises, LP v. HSB Specialty […]
The Register reports: The number of successful cyber insurance claims made by UK organizations shot up last year, according to the latest figures from the industry’s trade association. The Association of British Insurers (ABI) said £197 million ($259 million) in cyber insurance payouts were made to victimized organizations in 2024, up from £59 million ($77 […]
Insurance Business Magazine reports: A Texas woman has sued Goosehead Insurance Agency over a data breach that exposed sensitive customer information, alleging the company waited seven months to sound the alarm. Jayda Slaughter filed the proposed class action in federal court on October 24, claiming the national insurance agency’s network was infiltrated in early March […]
Farmers Insurance is facing negative attention and lawsuits because of a three-month delay in notifying 1.1 million policyholders about a data breach. H. Dennis Beaver, Esq writes: To paraphrase the notice (you can read it in full here): On May 30, 2025, one of our vendors informed us about suspicious activity of an unauthorized actor who […]
From Polsinelli PC: In two separate but related actions, third party administrators (TPAs) and their insurance business partners agreed to substantial settlements to resolve allegations that they failed to adequately safeguard sensitive data from cyberattacks. Though neither case involved a finding of fault, both spotlight a growing trend: plaintiffs and regulators are treating basic cybersecurity […]
