Market Insights

Organizations in a number of industries including hospitality, real estate, sports, entertainment and airlines may face direct exposures if people begin canceling travel plans or if employees become infected.

By understanding the most common reasons Cyber claims are likely to be denied, agents and brokers will be better prepared to help policyholders get their claims successfully resolved.

Insurers offer solutions to address factors such as El Nio and legalized marijuana that are driving claims.

The Lone Star State had $3.2 billion in insured losses. The next highest state was California, which has $1.2 billion.

Many companies are concerned that business losses will increasingly be driven by cyber attacks, technical failure or geopolitical instability.

Insurers paid $90 million over a five-year period.