Edwin Covert’s Post

Cyber insurance is a headache. Make the process less painful by going into an audit prepared.

5 Factors impacting cyber insurance claims

Cyber insurance is the proactive step every business must take to mitigate the unpredictable risks of the digital landscape #DigitalRisks https://lnkd.in/dbcYpkdp

5 Factors impacting cyber insurance claims

5 Factors impacting cyber insurance claims

5 Factors impacting cyber insurance claims

Cyber insurance helps you recover from an unintentional leak of personal data or records. According to one source, 9.7 billion data records have been leaked since the start of 2019. Make sure your small business is protected with cyber insurance from Auto-Owners Insurance. #virginiainsurance #AutoOwners #insurance #localbusiness #commercialinsurance #CyberInsurance #businessinsurance #independentagent #virginia #centralvirginia

5 Factors impacting cyber insurance claims

Cyber insurance helps you recover from an unintentional leak of personal data or records. According to one source, 9.7 billion data records have been leaked since the start of 2019. Make sure your small business is protected with cyber insurance from Auto-Owners Insurance. #commercialinsurance #independentagent #businessinsurance #localbusiness #virginia #insurance #virginiainsurance #AutoOwners #CyberInsurance

CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett ‘A bad situation’ for some insurers may still be ahead' “Cyber events that have more of a physical consequence would be much bigger in size or scope in terms of losses” Expect business interruption claims, litigation KEY POINTS ·        Warren Buffett and Berkshire Hathaway’s top insurance executive warned this year about the potential for massive losses from cyber insurance policies. ·        The CrowdStrike-caused global IT outage will be a key test for cyber insurance underwriters, with Fitch Ratings expressing confidence that losses will not exceed $10 billion. ·        Other cyber policy experts say it is still early to assess the volume of claims that insurers are going to see and say it could be “a very bad situation for insurers.”