Why do cyber insurance buyers now expect more than a financial backstop? & more related News Here

To stay ahead, Burke’s team works closely with claims professionals to stress-test coverage language against real-world events. Historically, many of these harms were addressed under commercial crime policies, appropriate for risks such as social engineering. However, Burke sees benefits in leveraging aggressive cyber policies that include rapid-response incident teams. “If you can contact your cyber carrier in a short period of time, they can often diffuse the situation very quickly,” he said. That speed and coordination can materially alter the results.