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The construction industry remains a top target for attackers and was the most impacted sector in Q3. -
Mr Cooper Group said it was the target of a 2023 hacking attack.
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The market grew at a rate of 32% annually from 2017 to 2022.
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D&O and D&F are also facing increased competition, but property remains price adequate.
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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The Hartford will assume a quota share of Coalition’s UK cyber program.
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Sinclair had $50mn in coverage through five separate cyber policies.
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The airline says the crash resulted in over $500mn in losses.
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Coverages include missed bid reimbursement, contingent bodily and property damage, and drone use violations.
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Underwriting remains disciplined as insurers target profitable growth.
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Overall, insurance rates fell by 1%, led by competition in property.
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Business email compromise was up 9%, comprising nearly one-third of claims.
