As crypto gains more acceptance — and also deals with a record number of hacks — insurance companies are getting into the game. But according to Bloomberg, the premiums from insuring the risk can be substantial. In fact, it’s been reported that underwriters can charge...
Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya, AIG received a surge of cyber claims in 2017: The insurer saw as many claims notifications as the previous four years combined, RT reported. “The combination of leaked National Security Agency (NSA) tools, plus state-sponsored...
American International Group (AIG) announced on Tuesday (Dec. 12) a new cyber benchmarking model that quantifies and scores the cyber risk of its clients. In a press release, the insurer said the model compares a client’s cybersecurity maturity against 10 common attack patterns and across...
American International Group (AIG), the causality insurance company, is gearing up to look at all of its commercial policies with an eye toward including coverage against cyberattacks, kicking off in January. According to news from Reuters, Tracie Grella, AIG’s global head of Cyber Risk Insurance, said...
September 04, 2019
Financial technology company FastPay has announced it is creating a “receivables securitization program” with an $80 million first tranche. It has partnered with AIG and Cairn Capital, which will offer large amounts of capital to the media and technology sector. The company said in a release that AIG will provide senior funding as well as […]
July 20, 2018
As crypto gains more acceptance — and also deals with a record number of hacks — insurance companies are getting into the game. But according to Bloomberg, the premiums from...
June 04, 2018
Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya, AIG received a surge of cyber claims in 2017: The insurer saw as many claims notifications as the previous...
December 13, 2017
American International Group (AIG) announced on Tuesday (Dec. 12) a new cyber benchmarking model that quantifies and scores the cyber risk of its clients. In a press release, the insurer...
