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Climate and climate change need to be in every school textbook, said teacher, educator and writer Christopher Graham, speaking at The Climate Connection: Conversation for Change
Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best June 4, 2021
With the cyber risk hazard environment ransomware, business interruption and aggregation worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best report.
According to the global rating agency’s analysts, insurers “urgently need to reassess all aspects of their cyber risk, including their appetite, risk controls, modeling, stress testing and pricing, to remain a viable long-term partner dealing with cyber risk.”
The reassessment is needed because cyber insurance, which began as a diversifying, secondary line and another endorsement on policies, is now a “primary component of a corporation’s risk management and insurance purchasing decisions,” notes Best’s in its report, “Ransomware and Aggregation Issues Call for New Approaches to Cyber Risk.”