The average ransom payment was $381,980 in the first quarter of this year, says the incident response firm Coveware.

DFS Superintendent Adrienne A. Harris said the rules are "a critical step to ensure that New York's affordable housing providers are not discriminated against."

Large payouts against corporate defendants are up 273% over the last decade, Chubb reports.

The cyberattack may have affected 'a substantial proportion of people in America.'

Insurance industry news from Patra, Insurity, Beazley Security and more is featured in this weekly update.

'If a fire were to start now that involved one of our power lines, it would likely bankrupt the utility.'

PwC said the recent economic environment has generally been favorable for the insurance industry.

The toolkit aims to provide solutions that independent agents can implement immediately to harness the power of AI.