Advisen News

Facebook Twitter Google LinkedIn

Advisen offers a variety of sources to keep on top of the P&C Insurance News. Advisen journalists publish stories in Front Page News every week. Here are some of the latest stories.

Aon unveils broad cyber policy in response to client demand

Aon Risk Solutions this week launched one of the broadest cyber insurance offerings in the market in response to client demand for a single policy to address cyber-related property damage, bodily injury, product liability, vendor and supply chain risk, as well as privacy liability. According to Stephanie Snyder, cyber practice sales leader for Aon Risk […]

New firm Mullen Coughlin dedicated entirely to data privacy

After nearly three years as chair of Lewis Brisbois’ data privacy and network security practice, John Mullen—and his entire team of attorneys—are leaving to start a new law firm dedicated to data privacy as addressed by the insurance industry. “We believe we are the first law firm ever with our breath of experience totally dedicated […]

Engineers call for greater recognition of ‘silent’ cyber risks

Engineers across the globe came together to sound the alarm on the risks related to the Internet of Things and cloud computing – and their fears that the insurance industry doesn’t fully grasp the “silent threat.” A new report from the International Association of Engineering Insurers (IMIA) calls for underwriters, brokers, and risk managers to […]

Economic cyber risk modeler Cyence names advisory board

Out from operating under the radar earlier this month, Cyence has now announced its advisory board of cybersecurity and insurance professionals. The board is comprised of Richard Booth, Vincent “VJ” Dowling, Marc Goodman, Tom Hutton, Sean Kanuck and Barney Schauble. Cyence said it has developed the industry’s first economic cyber risk modeling platform, quantifying cyber […]

Hurricane Matthew losses unlikely to turn the commercial property market

The commercial insurance industry may be looking to buck a trend of falling rates, but losses from Hurricane Matthew seem less likely to be the kind of catastrophic event to turn the market. As Hurricane Matthew approached Florida late last week, some catastrophe modelers estimated losses of $30 billion from what was a raging Category […]

Cyber attacks on banks prompt guidelines from G7 regulators

In response to costly and frequent cyber attacks on banks, global financial regulators this week released recommended cybersecurity practices for public and private financial organizations to follow. The Group of Seven (G7), consisting of financial supervisors from the US, Canada, France, Germany, Italy, Japan, and the UK, indicated its hope that the guidelines will help […]

Russia suspected in reported NY Times hack; attacks on journalists ramped up

News broke this week that FBI officials are investigating a cyber attack on the New York Times, allegedly by Russian hackers. First reported by CNN, the hack is thought to be connected to other high-profile cyber events, such as the hacking of the Democratic National Committee (DNC) and release of sensitive emails during the Democratic […]