The market for cybersecurity coverage is expected to grow rapidly as increased data breach risks convince businesses that current insurance policies offer inadequate protection against cyber risks. A recent article in PropertyCasualty360 identifies the top 10 most expensive data breaches to date: Epsilon – $100 million-$4 billion Veterans Administration – up to $500 million Hannaford […]
Crashes Dent Allstate Earnings
The cost of claims is rising for Allstate, according to a Wall Street Journal article titled “Increased Car Crashes Crunch Allstate Shares.” Americans are apparently driving more, post-recession, resulting in more auto accidents. CEO Tom Wilson is quoted as saying, “More miles driven, more cars on the road, more accidents,” Chief Executive Tom Wilson said […]
