Third-quarter global insured catastrophe losses exceed $100 billion
Twenty-six different billion-dollar loss events hit the United States so far in 2024, Aon reports.
As companies recognize that cyber risk cannot be eliminated, only managed, they are increasingly looking to transfer residual cyber risks through insurance. Still, many small and midsize businesses are going without cyber coverage, perhaps because of confusion about how to get the right policy.
Related: Clients considering cyber insurance? Here’s what they need to know
Already have an account? Sign In Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Twenty-six different billion-dollar loss events hit the United States so far in 2024, Aon reports.
The letter highlights some of the major cybersecurity threats discovered, including risks caused by bad actors using AI.
Insureds are increasingly turning to Russian providers backstopped by a heavily sanctioned, state-backed reinsurer.
White Paper
Sponsored by Vortex Weather Insurance
Parametric Hurricane Insurance: A Strategic Solution for Agents and Brokers
Hurricane-related financial risks can leave businesses vulnerable due to gaps found in traditional insurance policies. Parametric hurricane insurance provides a proactive solution for your clients to recover from hurricane-related financial losses quickly. Learn how this innovative coverage model offers transparent payouts based on measurable storm conditions--helping your clients bridge critical financial gaps when they need it most.
White Paper
Sponsored by Vortex Weather Insurance
Hourly Rain Insurance: A Strategic Solution for Agents and Brokers
Rain-related business disruptions can be costly for your clients. Parametric hourly rain insurance offers a proactive approach to mitigate financial losses from weather conditions. This data-driven solution delivers fast, automated payouts when rainfall thresholds are met, ensuring your clients are protected when they need it most.
Copyright © 2025 ALM Global, LLC. All Rights Reserved.