Businesses in Arizona faced steep premium hikes, with an increase of 39% from 2019 to 2020, according to AdvisorSmith, which noted policies written in North Carolina saw premiums drop 12% during the period. (Credit: Den Rise/Shutterstock.com) Businesses in Arizona faced steep premium hikes, with an increase of 39% from 2019 to 2020, according to AdvisorSmith, which noted policies written in North Carolina saw premiums drop 12% during the period. (Credit: Den Rise/Shutterstock.com)

While massive cyberattacks grab headlines and signal risks in the sector, overall cyber insurance premiums actually declined slightly — around 1% year-on-year — this past year, according to AdvisorSmith.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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Cybersecurity