Single cyber attack could cost insurers more than Hurricane Katrina

Cyber thief

Losses from a single cyber attack could see the industry fork out more than a major loss natural catastrophe like Hurricane Katrina.

John Drzik, president of Global Risk and Specialties at Marsh, said cyber risk is the number one risk to business leaders in advanced economies, yet the industry sector is not meeting demand for cyber

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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