As hurricane season begins, insurers are watching with bated breath. As hurricane season begins, insurers are watching with bated breath. (AP Images/ALM Media archives)

After last year's catastrophic season, which was the costliest ever for the U.S., insurers now hope history won't repeat itself.

There's another area of their business, though, where they should be on the lookout for headwinds: the fast-growing cyber insurance market. At present, it's a lucrative market for insurers, and more are dipping their toes in.

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