Why Cybersecurity Insurance is so Costly and Sometimes Hard to Get

From 2020 to present, ransomware increased in frequency and severity, resulting in significant cyber insurance claims. Even if these weren’t local government incidents, insurers have modified their overall cybersecurity underwriting guidelines by raising premiums, lowering or modifying coverage terms, and demanding that insureds attest to risk-reducing solutions and activities. This webinar will explain the trends and forecasts in the cybersecurity insurance marketplace that are driving the price and challenges for local governments.