Cyber Market Rights Its Course on Profitability

Cyber Market Rights Its Course on Profitability

Direct premiums written for the U.S. cyber insurance market rose 50% to $7.2 billion in 2022 as the “first hard market” set the industry back on a path to profitability, according to a new report from AM Best.   The ratings agency reported this week that growth in the...
Lessons From the Colonial Pipeline Breach

Lessons From the Colonial Pipeline Breach

One of the nation’s largest pipelines was forced to shut down in early May 2021 after falling victim to a ransomware attack. The 5,500-mile pipeline is operated by Colonial Pipeline and carries refined gasoline and jet fuel from Texas to New York. This pipeline...