ITL Recommends

View More ITL Recommended Articles >

Six Things

Tornado Warning

Here Come the Tornados

Subscribe to Six Things Today!

Enjoy your complimentary subscription to our weekly Six Things e-newsletter.

Subscribe to Six Things Today!

By subscribing, you agree to receive content and promotional information from Insurance Thought Leadership, The Institutes, and occasionally its affiliates, advertisers or sponsors. You can unsubscribe at any time through the unsubscribe link included in the footer of our emails. View our privacy policy here.

ITL On Demand

 ITL On Demand is a webinar program focused on important opportunities for innovation in risk management and insurance. Moderated by ITL Editor-in-Chief Paul Carroll, the webinars draw on experts from across the industry, from promising startups to the largest incumbents. Hot-button topics include blockchain, AI, telematics and IoT — and their potential to slash costs while opening new markets for companies across the insurance ecosystem.

Can P&C Grow Despite Mounting Global Risks? Global Insurance Forum Experts Series: An Interview with Joshua Landau Global Insurance Forum Experts Series: An Interview with Ken Mungan Global Insurance Forum Experts Series: An Interview with Olav Cuiper Turning Underwriting Inside Out


View All Webinars

ITL Focus: Cyber

This Month's Focus Topic 


For me, the emergence of cyber insurance as a separate line dates back a decade, to when Target was hacked and had 40 million credit card numbers and personal information about 70 million customers stolen. Target was seemingly so well-protected, with its massive IT department and careful security procedures, and the vulnerability so seemingly trivial (in an HVAC system) that the news sent everyone scrambling. 
But what to do? 

Well, policyholders hoped their general liability policies covered cyber issues, or at least could be easily extended to cover those risks. Insurers, meanwhile, worked to make a clear division between GL and cyber and, in the face of such uncertainty and potentially enormous payouts, set rates as high as they could. Hackers, of course, plunged into what they saw as a huge payday. 
Ten years on, we seem to finally be approaching some stability. 


Read more

ITL Partners

IIS Logo Jobs Ohio Logo Majesco Logo
OneShield Logo OliverWyman Logo OZ Logo