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 […]
From the New York Attorney General’s Office:
Insurance Business Magazine reports: The cyber insurance sector in 2025 is witnessing a shift in risk dynamics as large organisations strengthen their defences against cyber threats. Allianz Commercial’s recent Cyber Security Resilience Outlook indicates that enhanced cyber security measures and incident response protocols have helped major insured companies reduce the impact of significant cyber losses this year. However, […]
Cybernews reports: The Farmers Insurance Group is notifying 1,111,386 people that their personal information was exposed in a recent cyberattack earlier this year. The American insurance giant said it began sending breach notification letters about the May 29th “security incident” out of an “abundance of caution” on August 22nd. The breach may have involved the […]
There is an update to the previously reported breach affecting Allianz Life customers. Bleeping Computer reports: Hackers have stolen the personal information of 1.1 million individuals in a Salesforce data theft attack, which impacted U.S. insurance giant Allianz Life in July. Allianz Life has nearly 2,000 employees in the United States and is a subsidiary […]
