Sharp Increase in Cyber Crimes Lead Insurers to Hike Rates, Slash Coverage

Hospitals, America’s largest gasoline pipeline, and hundreds of other business operations have been halted or seriously crippled by cyber hackers over the last year. These and other major cybercrimes over the last few years have insurance companies re-thinking their cybercrime coverage policies. Many insurers are charging significantly more for the same coverage companies had in previous years. Underwriting standards for cybercrime coverage are also changing as insurers re-evaluate their risk. Learn more and how these new changes affect the companies covered by cybercrime policies here.