PI and D&O targeted as cybercrime exposures continue to grow for insurers
Cybercrime claims are having an impact on an increasing number of business areas, with market commentators citing professional indemnity and directors' and officers' as two markets that are becoming more vulnerable to the impact of cyber-attacks.
Data breaches overseas have already seen shareholders take company directors to court in the US, while in the UK PI market cybercrime claims are continuing to escalate with QBE Europe looking at £50m
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