Christopher Graham, senior industry analyst, AM Best, said declines in the value of many cryptocurrencies dampened hackers' enthusiasm for ransomware. Ransoms are typically paid in cryptocurrency.
Feb. 20, 2023
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PLUS Attendees: New Entrants Raise Competition in D&O Market
AM Best: Better Pricing in D&O Market Has Attracted New Entrants
AM Best: Changes in the Crypto Market Are Mirrored in Ransomware Activity
Zurich's Chia: Some Cyberrisks Are Unquantifiable
Trium's Ladeau: Responding to Ransomware Takes a Team
Beazley's Rizzo: Client Company's Capital Strength Is an Underwriting Factor
Travelers' Manguson: Securities Class Actions Decline, but Core Claims Remain
Sompo's Martin: SPACs Developing as Issue for D&O Market
Axis Capital's Paccione: Opportunities in Private Company D&O, Crime Coverage
Sompo's Quinn: Challenging D&O Sectors Include Tech and Biotech
Travelers' Wyatt: Not All Insurer Risk Is Outside the Organization
Counterpart's Hackett: Smaller Companies Often Face Higher Liability Exposures
Sompo's Tucci: Emerging Web Exposures Include Pixel Tracking, Surveillanceware
Sompo's DePiero: Possible Loss Scenarios for Cyber Continue to Increase
Zurich's Lavelle: Companies' Declining Market Caps Spark Interest in D&O Lawsuits
Travelers' Menefee: Cyberrisk Management Is Showing Impact
Clyde & Co.'s Schaloske: Social Inflation Is Spreading to Europe
