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What Every Claims Professional Should Know About Cyber Risk

While cyber losses are frequently reported in the news, it can be difficult to understand the technical aspects of cyber risk, according to Marty Frappolli, senior director of Knowledge Resources at The Institutes. The unchartered territory of cyber losses coupled with the likelihood of both first and third party losses can create confusion for adjusters attempting to handle these types of claims. Frappolli outlines types of first and third party losses and the role of cyber risk insurance policies.

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