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Cyber Risk Trends and Impact on Claims Handling
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Cyber risks continue to evolve challenging insurers, according to Tom Johansmeyer, assistant vice president at PCS, a division of Verisk Insurance Solutions. As the value of cyber losses begins to stabilize, he expects to see more horizontal growth as the previously uninsured seek coverage. The likelihood of more claims combined with cyber losses invading other coverages offers a learning opportunity, he said.
