By avoiding a few simple mistakes, insurance agents can ensure their clients are protected against this evolving risk. (Photo: Yurii Kibalnik/Adobe Stock) By avoiding a few simple mistakes, insurance agents can ensure their clients are protected against this evolving risk. (Photo: Yurii Kibalnik/Adobe Stock)

Cyber claims were up 16% overall in 2021 while cyber insurance rates increased 25% during each quarter of the year, according to a recent market segment report from AM Best.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 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.

Coverage & Policy Issues
Information Security
Cybersecurity