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Best’s News & Research Service - February 02, 2023 10:13 AM (EST)

Best's Review Examines Difficult Questions Raised by Ransomware

• February 02, 2023 10:13 AM (EST)

    

Oldwick //BestWire// - The February issue of Best’s Review focuses on ransomware and the growing number of cyberattacks:

• “Cyber Dilemma: Insurers Face Evolving Ransomware, Demands as Attacks Escalate” explores the challenges businesses encounter when they are victims of cyberincidents and how insurance companies are finding new ways to defend and protect against growing threats.


• “Industry Sees Need for Federal Cyber Backstop, but What Model Is Best?” addresses the potential role of the U.S. government in cyber coverage and what the insurance industry has to say about it.


• “Ohio Supreme Court Rules Owners Insurance Won’t Have to Cover Losses in Ransomware Attack” reports on the court’s decision in favor of the insurance company and the details behind the ruling.

Also included in the February issue:

• “Annuities Sales Grew Sharply in 2022; Strong Year in 2023 Possible” examines the performance of annuities in the past year and what experts say about their future.


• “Special Purpose Acquisition Companies Complicate the D&O Market” explores why these companies are more likely to encounter a D&O lawsuit and what regulations are ahead for them.


• “AM Best’s Briefing: Workers’ Comp Market Strong, but Inflation Could Be a Concern” covers AM Best’s outlook on the line as impacted by inflation, economic and unemployment challenges and the use of machine learning and artificial intelligence.

Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. Access to the complete content of Best’s Review is available here.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.

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