Jacob Ingerslev, senior vice president, Tokio Marine HCC, said ransomware losses can include extortion payments, business income loss, recovery costs, notification, credit monitoring and potential litigation.
March 7, 2024
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PLUS Attendees: AI Is Blurring the Lines Between D&O and Cyber Liability Coverages
AM Best's Blades: Pricing Competition, Lower Demand Lead to Decreased Industry Premium
AM Best's Graham: Cyber Insurance Could Outpace D&O in Premium Volume
IMA's Droege: Cyber Coverage Innovation Means Moving Behind the Firewall
Tokio Marine HCC's Ingerslev: Ransomware Losses Extend Beyond the Actual Ransom
Markel's Castriotta: Cyber Oversight Introduces Coverage Exposures
Euclid's Lavigne: Organizations Should Watch for D&O Red Flags
Hub's Garrigus: To Minimize D&O Exposures, Companies Should Focus on Best Governance Practices
Marsh's Snowdon: Some Organizations Need Both Tech and Cyber Coverage
McGill's Shah: Integrating AI Brings Host of New D&O Exposures
Travelers' Manguson: Core Filings in D&O Litigation Increase
Arch's Slawson: Host of Factors Drive D&O Market, Impact Pricing
Beazley's Imrie: Resilience Report Shows Employment Risks Taking Center Stage
Swiss Re's Tobler: Systemic Cyberrisks Require Larger-Scale Solutions
