Starr enters primary cyber insurance market

By Advisen Ltd. on October 23, 2014

starr-companies-logo-200x200Starr Cos. has come to the primary cyber insurance market with Security & Privacy Response for first- and third-party costs.

Coverage for network security and privacy liability, data breach notification and credit monitoring, forensics and investigations, business interruption, data recovery and repair, regulatory fines and penalties, and extortion threats can be included.

“In today’s innovative, technology-focused business environment, cyber risks are on the top of our clients’ minds and are a key consideration in their business strategies,” says David Norfleet, senior vice president and chief underwriting officer of Starr Surplus Lines Insurance Company. “Starr is committed to managing those risks, providing the protection that our clients need to continue to grow their businesses.”

Starr has partnered with eRisk Hub, which includes a breach coach consultation and access to an incident hotline. More features includes loss-mitigation services, cyber security news and education, security assessments, and access to leading security experts in the industry.

The product compliments Starr’s current excess cyber insurance offerings.

Advisen generates, integrates, analyses and communicates unbiased, real-time insights for the global community of commercial insurance professionals. As a single source solution, Advisen helps the industry to more productively drive critical business decisions about pricing, loss experience, underwriting, marketing, transacting or purchasing commercial insurance. Visit www.advisenltd.com to learn more.