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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

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Is Cyber Liability Insurance Sufficient Coverage for All Cyber Risks?

SecureWorld News

Cyber liability and crime insurance are like a safety net for businesses, but they're not perfect. Third, cyber risks are constantly evolving, and insurance companies may not be able to keep up. New threats are emerging all the time, and it can take time for insurance companies to update their policies.

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Prudential to shut down Assurance, the insurance tech startup it acquired for $2.35B in 2019

GeekWire

GeekWire File Photo / Taylor Soper) Insurance giant Prudential is shutting down Assurance IQ , five years after spending $2.35 Assurance uses technology to match consumers with insurance plans that are purchased online or through an agent. Inside Assurance HQ in Seattle. businesses, wrote in an email to employees obtained by GeekWire.

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Healthcare company Accolade lays off workers and closes offices

GeekWire

(Accolade Photo) Seattle and Philadelphia area-based primary healthcare company Accolade is cutting its workforce and closing or reducing some facilities, according to a recent regulatory filing. A company spokesperson declined to say how many Accolade workers are affected by the reductions. for $460 million. Losses were $39.9

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Costco to offer healthcare services through partnership with New York startup

GeekWire

(Bigstock Photo) Costco is broadening its reach into healthcare through a partnership with Sesame , a New York-based medical care marketplace startup that connects consumers directly with primary care and mental health clinicians for appointments online and in-person without insurance. The company — which increased net sales by 1.9%

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Tech Moves: Former Expedia exec joins Trupanion as CFO; General Fusion adds board member

GeekWire

Trupanion Photo) — Seattle-based pet insurance company Trupanion named Fawwad Qureshi as CFO. The company said interim finance chief Wei Li will remain at the company as senior vice president of finance and corporate controller. Its net loss rose to $13.7 Fawwad Qureshi and his Siberian cat Luna. Burnaby, B.C.-based

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Porch completes $100M Homeowners of America acquisition, doubling down on insurance market

GeekWire

Porch Group, the Seattle-based home services software company, completed its $100 million acquisition of Homeowners of America Inc. Porch says it will use the acquisition to build its national footprint in the home insurance market. Porch cut its net loss in half in 2020, to $51.6 Matt Ehrlichman, Porch founder and CEO.