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US intelligence agencies on Tuesday attributed the breach to Russia. -
Lawyers expect Covid-19 BI litigation claims to enter a second phase, and rising ransomware claims to spur coverage disputes.
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Carriers have in recent weeks introduced the endorsements after receiving strong push-back from brokers earlier in the year.
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The carrier says ransomware incidents are now more likely to include a threat to release stolen data.
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The deal further expands the platform’s access to customers through the independent agent channel.
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Delaware County will pay $500,000 and has insurance, according to local media.
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The carrier also says malware has account for 18% of cyber claims in North America so far this year.
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The report said that the volume of cyber insurance claims had gone up more than nine times in the past five years.
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Mylo is a direct-to-consumer platform that was launched in 2015 by Lockton.
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CNA’s cyber industry leader says ransomware losses are becoming more severe as well as more frequent.
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The firm is one of a few carriers writing cyber for municipalities and townships in the US.
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The hire comes amid a rise in hacking incidents.
